Oil Price Watch

[baludoy]

Buti pa ang gasolina nagmamahal

Oo nga. Si presidente na lang nagmumura 😁

do what you gotta do so you can do what you wanna do

[uls]

Is PhP 50 diesel and PhP 60 gas prices soon a reality in the next few months???


oil: Oil prices could rise to $100 a barrel by 2019, warn merchants - The Economic Times

i sticking to my view that the global economy cannot withstand $100 oil

Oil producers will see demand fall as prices go higher

[Monseratto]

Oil price jumps as Opec keeps output steady - BBC News

Oil prices have hit a four-year high of over $81 a barrel after Saudi Arabia and Russia rejected calls by Donald Trump to increase production.

Brent crude hit its highest level since November 2014 at $81.16 a barrel, up 3% on the day.

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[uls]

Oil price jumps as Opec keeps output steady - BBC News



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sabi ko nga this time $80 will hold

[uls]

what's scary now is hedge funds are net long Brent

VERY NET LONG

[uls]

from $79.80 to $81 in 12 hours

this is getting scary

hope we don't see those 3 to 5 dollar spikes per day like before

[GTi]

Oil noob here. But why is it that US shale is not making an impact anymore?

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[Monseratto]

Oil noob here. But why is it that US shale is not making an impact anymore?

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Even US shale cannot make up the loss of 2 million barrels from the market, courtesy of Trump-Israel's Iran oil ban.

US oil producers battle to meet Iran shortfall

[uls]

Oil noob here. But why is it that US shale is not making an impact anymore?

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coz they couldn't get the oil out fast enough to make a large enough impact on supply outside the US

their pipeline infrastructure is limited (to transport oil to export terminals)

that's why US benchmark WTI is trading at a discount to Brent

[uls]

and not only that

the price of shale oil produced in the Permian basin is trading at a 10 to 15 dollar discount to WTI

coz shale oil producers are pumping out so much oil they're running out of storage space and pipelines cannot transport the oil out fast enough

[Monseratto]

If Dubail Crude PLATTS remain in US$ 80 territory for 3 consecutive months, the additional taxes on crude from TRAIN 2 will not push through next year...

[yebo]

Prediction is USD100/barrel 1st quarter 2019.

[GTi]

If Dubail Crude PLATTS remain in US$ 80 territory for 3 consecutive months, the additional taxes on crude from TRAIN 2 will not push through next year...

Diba even the current existing excise tax on oil should be suspended din if it reaches $80?

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[uls]

Prediction is USD100/barrel 1st quarter 2019.

well that's all over the news

[uls]

from $80 to $82 in 24 hours

[Monseratto]

Diba even the current existing excise tax on oil should be suspended din if it reaches $80?

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Nope, the law only calls for the suspension of additional fuel taxes for TRAIN 2 next year...

Revenue Regulation No. 2-2018, which revised tax rates based on the TRAIN Act, states that during the period covering 2018-2020, then scheduled increase in excise on fuel will be suspended when the average Dubai crude oil based on the Mean of Platts Singapore (MOPS) for three months prior to the scheduled increase of the month reaches or exceeds $80 per barrel.

[Monseratto]

i sticking to my view that the global economy cannot withstand $100 oil

Oil producers will see demand fall as prices go higher

Lalaki ang demand for Chinese e-bikes...hehehe


Brent Breaks $8: The Oil Bull Thesis Enters The 7th Inning | Seeking Alpha

In a special report we published to subscribers, we believe the current oil bull market we are seeing is broken down into two phases. The first tier is what we are seeing right now, and the second tier will come when the massive upstream capex reductions turn into a supply shortage after 2020.

In essence, we believe the current oil bull market we are seeing right now will end with global oil demand destruction resulting in elevated oil prices. We believe the price at which demand destruction starts to take place is ~$120/bbl. This will then send the global economy into a recession, which would cause oil and risk assets to sell-off materially.

[uls]

EM economies are already struggling as local currencies depreciate against the dollar (dollar denominated debt getting more expensive to pay back)

crude oil getting more expensive in dollar terms adding to the burden

this is getting serious for PH -- heavily dependent on imported oil and refined products

[uls]

Lalaki ang demand for Chinese e-bikes...hehehe


Brent Breaks $8: The Oil Bull Thesis Enters The 7th Inning | Seeking Alpha

for weaker economies, demand destruction may happen at lower than $120

sustained $90 to $100 is painful enough

[uls]

so Trump speaks at the UN General Assembly

complains about OPEC




hey dummy

if it wasn't for your Iran sanctions oil prices wouldn't be this high in the first place

-

anyway, the oil market has become immune to Trump's attacks on OPEC