Oil Price Watch

**Monseratto** · January 11th, 2012 10:13 AM

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** · January 11th, 2012 10:26 AM

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** · January 11th, 2012 10:30 AM

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** · January 16th, 2012 08:40 AM

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

Political ang issue,- unstable na naman ang ME

14.6K:dj:

**uls** · January 16th, 2012 10:30 AM

2.4 million barrels/day of oil could vanish from the market if Nigeria oil workers go on strike

**Retz** · January 24th, 2012 01:53 PM

piso ang taas bente centimos ang baba.

**CVT** · January 24th, 2012 02:04 PM

Sakto bro.,- Kaasar nga iyang mga gasolinahan...

14.7K:cow:

**Retz** · January 24th, 2012 02:09 PM

may panibagong rollback ba? last time I check 46+/Li pa rin ang diesel.

**Ry_Tower** · February 15th, 2012 09:36 AM

Price increase na naman pala. Nasasapawan lang ata ng impeachment kaya wala sa news.

Just fueled up kasi.

**CVT** · February 15th, 2012 09:55 AM

Originally Posted by Ry_Tower

Price increase na naman pala. Nasasapawan lang ata ng impeachment kaya wala sa news.

Just fueled up kasi.

Switik talaga itong mga oil companies sa atin... :twak:

14.9K:kodak:

**uls** · February 18th, 2012 01:26 PM

Oil price hike seen next week | ABS-CBN News

MANILA, Philippines - Fuel prices are going up again next week.

The Department of Energy (DOE) has confirmed this, citing the increase in international oil prices this week.

Industry sources said gasoline may go up by 95 centavos per liter and diesel, by 32 centavos.

Aside from higher world prices, the weakening of the peso against the US dollar is behind the expected spike next week, accounting for more than 20 centavos.

**chrismarte** · February 18th, 2012 02:49 PM

ala nang katapusan, reason pag galaw sa pandaigdigang pamilihan. pag tumaas taas din sila pag bumaba ayaw naman magbaba... kaya minsan gusto ko pang umupo ulit si erap (mataas ang ForEx).

**Monseratto** · February 18th, 2012 04:30 PM

Originally Posted by chrismarte

ala nang katapusan, reason pag galaw sa pandaigdigang pamilihan. pag tumaas taas din sila pag bumaba ayaw naman magbaba... kaya minsan gusto ko pang umupo ulit si erap (mataas ang ForEx).

Umabot ng US$ 1= PHP 65 ata nung impeachment ni Erap dati di ba?

**CoDer** · February 18th, 2012 04:39 PM

Hintayin nyo pang nag tuloy-tuloy tupak ng Iran, tyak kasalan nanaman ng PNoy admin to.

**Monseratto** · March 2nd, 2012 03:07 PM

Kinda late yung big three this week...

'Big 3' oil firms raise fuel prices
March 2, 2012 1:06pm

Three major oil firms added to motorists and commuters' woes as they raised the prices of their fuel products effective Friday morning.

Shell, Chevron and Petron imposed a price hike of 50 centavos per liter on regular and premium gasoline starting 6 a.m., radio dzBB reported.

But the three firms pointed out the price hike does not cover their liquefied petroleum gas (LPG) products.

Only last Wednesday, Eastern and Phoenix Petroleum raised prices of their regular gasoline and diesel products by 50 centavos per liter.

This week's price hike prompted protests by militant groups, which also scored the government for failing to curb such price hikes. — LBG, GMA News

**niky** · March 2nd, 2012 03:30 PM

Originally Posted by CoDer

Hintayin nyo pang nag tuloy-tuloy tupak ng Iran, tyak kasalan nanaman ng PNoy admin to.

Prophecy fulfilled!

This week's price hike prompted protests by militant groups, which also scored the government for failing to curb such price hikes. — LBG, GMA News

Ang lakas naman ni PNoy... he has the power to rollback the price of crude? Currently flirting with the $120 per barrel level. It's bound to get higher unless poor US data forces it down or Italy finally follows Greece down the black hole of insolvency.

Anyone want a $1 Ferrari?

**uls** · March 2nd, 2012 03:47 PM

ya what the world needs now is a big risk-off event to drive down oil price

but there's the war premium holding it up

so dapat Israel and Iran gotta be friends... that would slice $10 to $20 off the price of oil

then Greece defaults, Portugal asks for another bailout... Italy bond yields rise again... sigurado below $100 ang Brent

**vinj** · March 2nd, 2012 04:08 PM

Why don't them activists contribute their party list pork barrel as subsidy then?

**uls** · March 2nd, 2012 04:14 PM

^^

coz them partylist leaders need the funds to subsidize their own comfortable lifestyles

**Ry_Tower** · March 2nd, 2012 05:15 PM

^ They should ask Joma why he is living like a spoiled ass kid.

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