this was Brent on April 21
notice front month (June) price is lower than prices further out
that means there's too much supply / not enough demand
this situation encourages storing oil to sell at higher price in the future
this is Brent now
notice front month (Aug) price is higher than prices further out
that means supply and demand is now more balanced
there's less incentive to rent tankers to store oil
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June 20th, 2020 02:25 AM #6621Last edited by uls; June 20th, 2020 at 02:33 AM.
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CBD Lounger
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June 21st, 2020 07:25 AM #6622Price hike next week:
"Sa ika pitong sunod na linggo, may OIL PRICE HIKE na naman next week!
Eto estimates:
DIESEL P0.65-P0.75/L ⬆️
GASOLINA P0.65-P0.75/L ⬆️
KEROSENE P0.20-P0.30/L ⬆️"
source: alvin elchico (*alvinelchico) on Twitter
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June 21st, 2020 12:36 PM #6623konti na lang, back to pre-covid na uli!
Originally Posted by 111prez
...kelan ba yung covid tax natin idadag-dag?
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July 11th, 2020 07:14 PM #6627Bad News na naman mga motorista.
May OILPRICEHIKE next week!
Eto estimates:
Gasolina P0.55-P0.65/L Upwards arrow
Diesel P0.30-P0.40/L Upwards arrow
Kerosene P0.30-P0.40/L Upwards arrow
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High & Dry
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July 11th, 2020 07:24 PM #66285 mos na ata ako hindi nagpapa gas
Sent from my SM-N960F using Tapatalk
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July 11th, 2020 11:05 PM #6629my last diesel-up was march 4. Originally Posted by _Cathy_
5 mos na ata ako hindi nagpapa gas
Sent from my SM-N960F using Tapatalk
the low fuel light just turned on.
it's time to fuel up again. tomorrow or monday.
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July 29th, 2020 04:08 PM #6630alvin elchico
*alvinelchico
·
Jul 27
Media Advisory: Cleanfuel will implement fuel price adjustment, effective Tuesday, July 28, 2020 at 4:01pm.
Upwards arrowDiesel + 0.25/L (Increase)
Upwards arrowGasoline + 0.30/L (Increase)
Stay safe and healthy. Thank you!
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Daanan ko this week kung may changes ba fuel cost sa true qc (boss quezon avenue and roosevelt speedy, uno, metro and phoenix. )
Pag wala na naman changes eh who you talaga kayo other cities hahahahah
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August 16th, 2020 07:12 PM #6631With the engines of economies grind of economic growth grind to a halt...
Oil Companies Wonder If It’s Worth Looking for Oil Anymore
As the coronavirus ravages economies and cripples demand, European oil majors have made some uncomfortable admissions in recent months: oil and gas worth billions of dollars might never be pumped out of the ground.
With the crisis also hastening a global shift to cleaner energy, fossil fuels will likely be cheaper than expected in the coming decades, while emitting the carbon they contain will get more expensive. These two simple assumptions mean that tapping some fields no longer makes economic sense. BP Plc said on Aug. 4 that it would no longer do any exploration in new countries.
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August 16th, 2020 09:37 PM #6632Oil hike next week: Diesel, gasoline prices seen to go up next week —Unioil
"xxx
Pump prices of fuel products may be up for another round of price hikes in the coming week, Unioil Petroleum Philippines said Saturday.
advertisement
In its fuel forecast for August 18 to 24 trading week, Unioil said the price per liter may go up by P0.10.
Gasoline prices, likewise, were expected to increase between P0.60 and P0.70 per liter.
xxx"
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September 8th, 2020 08:07 PM #6633Why oil prices falling
slowdown in China buying
futures market finally catching up to what physical oil traders noticed for some weeks
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September 20th, 2020 11:11 AM #6634Oil price hike next week: https://www.philstar.com/headlines/2...ices-rise-week
"xxx In a fuel forecast for Sept. 22 to 28, Unioil Petroleum Philippines said the price of diesel is seen to increase by P0.10 per liter,while the price of gasoline is expected to rise by P0.50 to P0.60 per liter. xxx"
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October 3rd, 2020 10:06 PM #6636 Originally Posted by jakewise
Minimal ang fuel price movements next week.
Eto estimates:
Gasoline P0.05-P0.10/LUpwards arrow
Diesel no movement-
P0.05/LDownwards arrow
Kerosene P0.15-P0.20/LUpwards arrow
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October 3rd, 2020 10:18 PM #6637
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October 24th, 2020 09:17 PM #6640week-ends is my fill-up schedule. Originally Posted by 111prez
and it is always a gamble.
this time, it seems, talo ako.
car doesn't go out sunday.
Reply With Quote
Originally Posted by 111prez
