Oil Price Watch

[madball]

Not just free. Next time you gas up, you should demand payment from the gasoline station as well hehe.

[uls]

Brent $16



WTI $10

[crazy_boy]

Brent $16



WTI $10

hmmm magkano na rollback niyan? baka magsara din small players niyan. mahal pa sigurado mga existing buffer nila.

[ice15]

Oil Prices are down... pero transport is at an all time high. some oil transport companies are already break-even Q1 pa lang, looking forward to Q2

so although Oil is cheap... it will not go too low as madaming oil companies ngayon are just taking ships as storage facilities, waiting na umangat ulit ang demand

[dr. d]

so although Oil is cheap... it will not go too low as madaming oil companies ngayon are just taking ships as storage facilities, waiting na umangat ulit ang demand

nangyari na dati yan.
when tankers were serving as oil depots.
i just do not recall how it eventually played out.

[uls]

In demand ang floating storage natural lang tataas ang charge ng supertanker owners

[uls]

WTI

ayan wala na ung May contract



look at the gap between June and July

[uls]

Brent

[madball]

Problem solved.

Twitter

[Monseratto]

Oil Tankers Surround California With Nowhere to Unload

[Gumusut_Amige]

Oil Tankers Surround California With Nowhere to Unload

how much oil a supertanker can handle?
let's say zzz bbl and the surplus oil production is almost the same.
if no more supertankers available it follows that oil producers must cut the surplus production output + an additional production cut to create storage capacity.

[ice15]

just sharing...

Oil tanker rates double as demand for storage and transport resurfaces | Reuters

Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 a day on Monday, up from some $125,000 on Friday and a weekly low of about $90,000 a day on Wednesday, according to several ship broking sources.

[uls]

Oil Prices are down... pero transport is at an all time high. some oil transport companies are already break-even Q1 pa lang, looking forward to Q2

so although Oil is cheap... it will not go too low as madaming oil companies ngayon are just taking ships as storage facilities, waiting na umangat ulit ang demand

just sharing...

Oil tanker rates double as demand for storage and transport resurfaces | Reuters

just sharing...

[uls]

where's the negative price now?

WTI

[Monseratto]

Stop!


U.S. oil firm Continental Resources halts shale output, seeks to cancel sales - Reuters

[uls]

even if US shale oil companies are unlikely to organize themselves and agree to a production cut

they WILL be forced to cut production anyway coz price is too low

-

WTI

[uls]

this thread provides info a month in advance

[Archerfish]

this thread provides info a month in advance

I thought this is the area of specialization of *kagalingan, predictions!
[emoji3]

[uls]

Oh that's not a prediction

That's information

That's not something based on gut feel

[dr. d]

I thought this is the area of specialization of *kagalingan, predictions!
[emoji3]

kagalingan right again?

strangely,
i do not miss him.
siguro dahil magulo siya mag-post.
heh heh.