Oil Price Watch

[LHV]

meron ba this weekend, dapat ba mag full tank ako mamaya he he

[anonemus]

Check mo tong thread

http://tsikot.yehey.com/forums/showt...t=78099&page=6

[uls]

meron ba this weekend, dapat ba mag full tank ako mamaya he he

next week sigurado

[LHV]

thanks, I was checking the local news couldnt find any definite answer there

[Monseratto]

Itong umaga tinaas...

http://business.inquirer.net/money/b...-start-March-1

Oil price increases start March 1
By Amy R. Remo
Philippine Daily Inquirer
First Posted 21:31:00 02/28/2011

MANILA, Philippines—(UPDATE) Motorists should brace themselves for steeper-than-usual increases in fuel prices this week.

Phoenix Petroleum Philippines was the first to announce increased pump prices—P1.25 per liter for gasoline and P1 for diesel starting 6 a.m. Tuesday. Eastern Petroleum quickly followed suit, announcing a P2 increase for all products effective the same time.

Chevron Philippines (formerly Caltex) will also increase by P1.25 per liter its WPP of Gold, Gold E10, Silver, Silver E10 and Regular gasoline and P1 per liter for diesel and kerosene.

Chevron and Phoenix said the rise in the cost of these oil products would reflect the increase in the prices of refined petroleum products in the international market.

Energy Undersecretary Jose M. Layug Jr. warned in an interview Monday that there would be “unusually higher increases” this week due to fears that the unrest in Libya would continue and spill over to other oil-producing countries, disrupting the fuel supply.

An industry source claimed a P2-per-liter hike may be in the offing, unless oil firms choose to stagger the fuel price increases.

Layug did not disclose the computations of the Department of Energy (DoE) but made an appeal to the oil companies over dzIQ radio to implement the hike in tranches to cushion the impact for motorists.

Prices of Dubai crude as of Monday already passed the P100 mark, reaching $104-$105 a barrel, according to Layug.

[CVT]

Oh well,- tapos, traffic pa. Ubos ang pera mong bata ka....

12.4K:knit:

[testament11]

Oh well,- tapos, traffic pa. Ubos ang pera mong bata ka....

12.4K:knit:

Iyak tawa nalang ang mga sasakyang lumalaklak ng krudo/diesel ngayon, huhuhu...

[uls]

sigurado na hike next week

[uls]

above 93

[111prez]

new update and diesel is getting the bigger increase ....

[dr. d]

new update and diesel is getting the bigger increase ....

balik-altis!

i just hope it won't get to,
"... ilabas ang mga kabayo! ito'y para kay Don Alberto!"

heh heh.

[uls]

[111prez]

Amoy ni elchics ang pagtaas ng presyo ng langis sa susunod na linggo ...

[111prez]

projected increases are seconded ...

[111prez]

Taas presyo sa susunod na linggo ayun kay elchics ...

[F-14]

They make our December happier due to stable fuel price, now is payback time!

[Monseratto]

Yung mga ayatollahs kasi sa Iran nagwawala... tataas mag insure mga tankers dumadaan sa Strait of Hormuz.

Asia needs to prepare for oil crisis
BY MICHAEL RICHARDSON
10 Jan, 2012 04:00 AM

Iran and the West are in a war of words as the United States and European Union governments prepare to enforce progressively harsher sanctions on Iran's energy and banking sectors over its nuclear program.
In response, Iran is intensifying threats to block the Strait of Hormuz, the only way by sea to and from the Persian Gulf and the main gateway for Middle East oil exports.

Most analysts believe that Iran, on the northern side of the narrow strait, could prevent giant tankers and other commercial ships from using the channel, either by using force or simply declaring a blockade and announcing it had laid mines.

The latter tactic, whether mines were there or not, would immediately drive insurance rates to prohibitive levels for tankers using the strait.

While Iran might close the inbound and outbound shipping channels, it could probably not do so for long if the US and its allies took resolute steps to reopen the strait.

Iran, the second-largest oil exporter after Saudi Arabia in the Organisation of Oil Exporting Countries, could be hurt by its own action, since it too is heavily dependent on Hormuz shipping.

However, if a crisis played out, Asia would suffer most among oil-importing regions from any disruption to international oil supplies and the impact of sharply higher oil prices.

Since the last major rupture in the flow of oil from the Gulf after Iraq's invasion of Kuwait in 1990-91, Asia has greatly increased its reliance on Middle East oil to fuel rapid economic growth and expansion of modern transport networks that rely on petrol, diesel, jet fuel and other products refined from crude oil.

Meanwhile, Europe and the US have diversified their oil imports away from the Gulf. For example, Europe now buys 25per cent of Iran's crude oil exports, down from 47per cent in 1995. In the same period, Asia's share has risen to 36per cent, from 23per cent in 1995. The US, the world's largest petroleum consumer, currently gets just 18per cent of its oil imports from the Gulf and none comes from Iran.

[uls]

lipat ko lang dito itong post ko noong November 2011 from http://tsikot.com/forums/thumbs-up-h...9/index14.html

it's coz of the war premium

there could be war in the Middle East

that's supporting oil price

--

what's keeping oil price from skyrocketting is the risk-off environment

pag may solution na ang problema sa Europe, risk-on uli yan

brent will be over 120, wti over 100

[uls]

so far Brent is still below 120 (112.78 spot, 112.91 feb futures)

WTI above 100 (101.31 spot, 101.68 feb futures)

[CVT]

Wala na rin namang advantage ang diesel,- halos kapresyo na rin ng gasolina....

Political ang issue,- unstable na naman ang ME

14.6K:dj: