Oil Price Watch

[CVT]

Rollback this week (probably by Tuesday):

Gasoline - 1php
Diesel - 1php

This means that the compact SUVs(?) which are gasoline powered and priced at just a little over P1M may become more popular than the diesel powered SUVs....

Are their fuel consumption rates cheaper by 15%? That could be the inflection point....

[montro]

Yes bro.

And In the US, much less popular and more expensive and only select stations carry them...

Not afar happen to our country in near future.

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[zechs]

Might be saying too soon kung ganun. I would go for diesels pa rin. Im eyeing the CRV diesel. Balance both performance and value for money compared to mazda cx5 diesel.

[uls]

Dapat lang mas mahal ang diesel coz it burns dirtier than light distillates (lpg, gasoline)

sa ibang bansa mas mataas ang tax on diesel kesa gas

[GTi]

I remember once in the 2000s in believe, when there was so little price difference between gasoline and diesel, I think around P2-3/L, that Honda made a newspaper ad for the CRV saying that it had much better performance and comfort as compared to diesels at the time while fuel cost difference was considered negligible.

Didn't last long though. Needless to say I saw that ad only once.

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[bloowolf]

Not afar happen to our country in near future.

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IMO, crude will never be more expensive than gasoline. If that happens, inflation will blow through the ceiling.
Electrification can happen, but will still take a few decades. The realistic route for both gasoline & diesels is hybridization.

[uls]

Anyway, dadating ung higher diesel price sa pinas

Pag nakipag agawan ang mga barko sa middle distillates

International maritime will stop using heavy fuels (burns very dirty)

when that happens they'll be competing with land and air transport for middle distillates

So syempre tataas ang presyo ng heating oil, diesel, aviation kerosene

[uls]

IMO, crude will never be more expensive than gasoline. If that happens, inflation will blow through the ceiling.
Electrification can happen, but will still take a few decades. The realistic route for both gasoline & diesels is hybridization.

if international price of diesel is higher than gasoline the only way diesel can be cheaper than gas in PH is via govt intervention

Lower the tax on diesel and increase the tax on gasoline

[Egan101]

If market dictates it, people should not complain if the time comes when diesel costs the same as gasoline. Owners of diesel-fed vehicles will have to deal with it.


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[CVT]

Not afar happen to our country in near future.

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Sabi nga ni bro.minicarph or was it bro.kagalingan(?), EU who has been the biggest proponent of the use of diesel fuel, is now moving away from it.....

[CVT]

IMO, crude will never be more expensive than gasoline. If that happens, inflation will blow through the ceiling.
Electrification can happen, but will still take a few decades. The realistic route for both gasoline & diesels is hybridization.

Yes bro, an exponential jump in technology should happen.....

[montro]

Sabi nga ni bro.minicarph or was it bro.kagalingan(?), EU who has been the biggest proponent of the use of diesel fuel, is now moving away from it.....

Yes it might be because of higher price of diesel than petrol. But still they have many cars with diesel engines like BMW and Mercedes

Anyway, dadating ung higher diesel price sa pinas

Pag nakipag agawan ang mga barko sa middle distillates

International maritime will stop using heavy fuels (burns very dirty)

when that happens they'll be competing with land and air transport for middle distillates

So syempre tataas ang presyo ng heating oil, diesel, aviation kerosene

Some of the country has a regulation that if the vessel enter in their water territory the vessel must comply and switch the heavy bunker fuel oil to ultra low sulfur fuel oil. Before it is only low sulfur fuel oil to comply but now more stricter regulations so they must comply to ULSFO or face a heavy fine.

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[uls]

Some of the country has a regulation that if the vessel enter in their water territory the vessel must comply and switch the heavy bunker fuel oil to ultra low sulfur fuel oil. Before it is only low sulfur fuel oil to comply but now more stricter regulations so they must comply to ULSFO or face a heavy fine.

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in 2020 ships using HSFO will have to switch to LSFO (read about IMO 2020)

If there's not enough LSFO in the market ships will have to use diesel

Higher demand will drive up the global price of diesel

[montro]

in 2020 ships using HSFO will have to switch to LSFO (read about IMO 2020)

If there's not enough LSFO in the market ships will have to use diesel

Higher demand will drive up the global price of diesel

Agree on this and ships burn tons of fuel when navigating.

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[kagalingan]

Kaya patapos na din diesel as main fuel ng public transportation. Sino na ba naghahari-harian ngayon sa mga utusan = its the scootings.

Remember ano sabi ni presdu sa mga jeepney drivers. "Magpakamatay na kayo." hahahahahah

[uls]

Posting my thoughts before I forget in the morning....

Someone from PH energy dept said oil prices will keep going down for the rest of the year

Come on... Nobody can predict that

US midterm elections over

OPEC+Russia can now talk about cutting production

That should put a floor under oil prices

Some US refineries that were shut for maintenance are back online -- demand for crude will pick up

Venezuela oil production in freefall

Oil prices will keep going down?

I don't think so

[Monseratto]

At least he got something correct... somewhat.

Trump on falling oil prices: 'That's because of me'

Trump can claim some credit for the third factor behind the oil price pullback. Output from Saudi Arabia, Russia and other crude-exporting nations is on the rise, and analysts generally believe that's in part because the Trump administration asked the Saudis to pump more oil to offset the impact of sanctions on Iran.

In fact, oil market analysts broadly view Trump's decision to restore sanctions on Iran as a major catalyst for higher crude costs.

Oil prices ran up about $7 a barrel in the month before Trump announced he was abandoning a nuclear accord with Iran and restoring sanctions on the Islamic Republic. Last month, uncertainty around the severity of the sanctions and their impact on global oil supplies pushed U.S. crude to nearly $77 a barrel and Brent to more than $86, their highest levels since late 2014.

[uls]

And Trump granted waivers coz he didn't want oil to go to $100

[Monseratto]

Another round of rollbacks... add to a lower dollar exchange rate.

[Monseratto]

Might be even lower now...