Oil Price Watch

[Ry_Tower]

And for you not to have a hard time backreading, here is the post from stan that he answered.

Quote Originally Posted by istan View Post
"It's the tax that Du30 signed into law. Plus Vat."

Di niyo binasa yung sinagot niya ngbtrain law. Yan ang inayunan ko, na may new tax. Jeeze!

Relax, dugo mo baka lumapot gaya ng crude oil.

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[uls]

Sir Yebo i wasn't referring to you

i was referring to the guy who attributed the price hike to covid tax

--

i'm aware of covid tax and never confused it with train law

i just didn't mention covid tax coz i think brent's climb to $30 had a larger effect than covid tax

[uls]

there was even someone who attributed the pump price hike to lifting of ECQ

like come on that's so insignificant

[dr. d]

if one's usual source of information is on the blink,
one might hear about something and imaginatively build it up from there...

[dr. d]

from the news broadcast i hear from online dzmm just now,
the looming 2 peso fuel increase is via the movement of foreign petroleum activity.
we still have to punch in the additional 1+ peso increase, courtesy of covid tax.

[uls]

Brent this week



Last week

[uls]

price hike na naman ito

Brent this week



Last week

[uls]

laki ng price hike

at ayon kay Alvin Elchico wala pa ung covid tax

(the tweet was last night)

[uls]

so ung dalawang nakaraang pump price hike was entirely based oil price movement

NOT COVID TAX

hindi pa pala dinagdag ng mga local oil companies ang covid tax

[yebo]

Sabi sa abs this next increase daw ang pasok ng covid tax. P1.43 for diesel.

[Dr. Strange]

Naubos na yung 275B ni duterte sa covid. Grabe parang wala naman nangyari tapos tayo pa din sasalo ng panibagong pondo kailangan nya. [emoji35]

[erick_214]

Yep, at sarap buhay ang mga skwating. Kahit naman wala pa ang covid ganun na buhay nila. Nagka ayuda pa! Sarap buhay!

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[uls]

last week




this week:

[uls]

pretty close this time

sentimos lang galaw nito next week

[uls]

Brent $40

-----

[uls]

good morning

[ice15]

Saudis make biggest oil price hike in 20 years after OPEC+ cuts | Bloomberg

The steepest jump will hit July exports to Asia, state producer Saudi Aramco’s largest regional market, according to a pricing list seen by Bloomberg. Overall, the increases for Saudi crude erase almost all of the discounts the kingdom made during its brief price war with Russia.

[uls]

wala na bagsak na tanker rates

less demand for floating storage

[ice15]

wala na bagsak na tanker rates

less demand for floating storage

was looking at income/profit sheets of listed companies over the weekend...

bumagsak na yung smaller/questionable companies.

pero yung bigger/established companies, target na for 2020... majority din sa kanila long voyages na to maximize daily rates.

sakit pa din ng ulo aviation fuel kasi walang mapag-lagyan

[111prez]

Hindi lang kaso ng COVID tumataas, pati na rin presyo ng langis:

Big-time fuel price hike seen next week —Unioil | Money | GMA News Online