Oil Price Watch

[uls]

refineries in the US midwest are the only ones that have access to oil stored at Cushing

they can't use the oil fast enough so there's persistent oversupply at Cushing

the oil can't even get to refiners in the Gulf Coast so they still have to buy oil from Nigeria

refiners in the east coast also have no access to the oil so refineries are being shut down

oil has to be bled from Cushing to solve WTI price suppression

reduce the supply at Cushing and WTI will rise

they're already starting to bleed oil from Cushing with pipeline flow reversal (Seaway pipeline) but it still isnt enough. they need more pipelines

[Starex_Gold]

*sg, bakit niloloko tayo ng shell sa nitro+ nila kuno?


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Hindi ko rin alam eh. Tsaka hindi sa gasoline erpats ko dati.

Sa Aspalto siya. He started shell bitumen nung 1997. At nag early retirement na sya nung '09. So stir yan si OB. Sira ulo

[shadow]

Hindi ko rin alam eh. Tsaka hindi sa gasoline erpats ko dati.

Sa Aspalto siya. He started shell bitumen nung 1997. At nag early retirement na sya nung '09. So stir yan si OB. Sira ulo

Kilalang kilala ka ni OB ah...


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[Monseratto]

WTI Crude Oil
$84.84

Brent Crude Oil
$99.50

[uls]

Why US-Canada market is not the global benchmark...

The Basics of Oil Investing: The WTI-Brent Spread

i've been explaining that ages ago

tagal ko na sinabi WTI is no longer a reliable benchmark

[uls]

Why US-Canada market is not the global benchmark...

The Basics of Oil Investing: The WTI-Brent Spread

i've been explaining that ages ago

dati ko pa sinabi hindi na reliable reference ang WTI

[uls]

Why US-Canada market is not the global benchmark

dati ko pa sinabi WTI is no longer a reliable reference

[Starex_Gold]

Kilalang kilala ka ni OB ah...


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Idol ako nun eh.....

[uls]

so yung mga nagsasabi na ang oil galing sa North America (Alberta/North Dakota/Montana) ay nagpababa sa presyo ng langis...

TINGNAN NIYO ANG DIFFERENCE NG PRESYO NG BRENT SA WTI

(o kahit difference ng OPEC basket sa WTI, Dubai sa WTI)

maniniwala lang ako na may effect pag lahat ng US refiners ay gagamit ng oil produced in North America

na hindi na kailangan mag import ng langis from Saudi Arabia, Venezuela, Nigeria, Iran, Angola...

pag nangyari yan, babagsak ang presyo ng ibang benchmarks (Brent, Dubai, OPEC basket etc) at tataas ang presyo ng WTI coz the US will stop buying oil from outside North America

UNTIL THAT HAPPENS, shut the f#ck up

[andywesteast]

so yung mga nagsasabi na ang oil galing sa North America (Alberta/North Dakota/Montana) ay nagpababa sa presyo ng langis...

UNTIL THAT HAPPENS, shut the f#ck up

Falling Oil Prices Are No Mystery

Global oil consumption has been declining since the end of 2011, falling to 88.5 million barrels per day at the end of April, from 90.4 million barrels per day in late December 2011. At the same time, world oil production has risen steadily for more than a year, driven by new finds and drilling techniques in North America.", Bloomberg, June 4, 2012

Shut the f#ck up, BLOOMBERG.

Close Down your 200 offices worldwide.

ULS is Smarter than all of your Analysts.

[Monseratto]

Kindly quote the whole sentence, don't be partial and selective...tsk,tsk,tsk...

See? Bloomberg does recognize there are two different and distinct oil contracts...

The US is sitting in an oil glut, not the WORLD...

Falling Oil Prices Are No Mystery - Businessweek

Falling Oil Prices Are No Mystery
By Matthew Philips on June 04, 2012

Oil prices have fallen sharply in the past two months, with Brent crude sinking to $97 a barrel and West Texas Intermediate hitting $83. The explanation is simple: Since March, the world has been producing more oil than it’s consuming, according to data gathered by the Energy Intelligence Group. Global oil consumption has been declining since the end of 2011, falling to 88.5 million barrels per day at the end of April, from 90.4 million barrels per day in late December 2011. At the same time, world oil production has risen steadily for more than a year, driven by new finds and drilling techniques in North America and a 10 percent increase in production from OPEC during the past 12 months.

The U.S. is now sitting on more oil supplies than it has since 1990. And yet our demand for it is at close to a 15-year low—a result of economic weakness and increased energy efficiency. “The amount of oil it takes to move the economy is declining,” says Fadel Gheit, an energy analyst at Oppenheimer.

The price declines have coincided with a steep selloff in oil futures contracts over the last two months. Speculators cut their net-long positions—bets that the price will rise—to the equivalent of 136 million barrels of oil, the lowest level since September 2010, according to the Commodity Futures Trading Commission. This follows a huge speculative buying binge. Oil prices spiked from October through March—a six-month bull run fueled by speculative worry over an Iranian supply disruption.

With speculative money pouring out of the oil market, the price is closer to reflecting supply-demand fundamentals. And that means the world’s two most traded oil contracts should continue to fall in price through the summer, analysts say. Religare Capital Markets forecasts that Brent crude, the benchmark for more than half the world’s oil, will fall to $90 a barrel by September, and that West Texas Intermediate should fall to $80.

[renzo_d10]

Hehe.

Not all you see in the news can be 100% correct.

Analysts nga eh, people analyze differently.

And hindi porket nasa Bloomberg sila ay wala na pwedeng maging mas matalino pa sakanila.

Yes, uls may be smarter than Bloomberg's analysts. So what?

The people here in tsikot can be somehow smarter than some of our media men who doesn't even know how to classify vehicles correctly.

So the bosses should fire those media men just because our community is smarter than them?

[Ry_Tower]

Mainit pa rin pala world oil prices.

At least I know OB is smart-err.

[uls]

sige tingnan natin

sabi ng bloomberg article kaya daw bumaba ang presyo ng langis dahil sobra daming langis sa mundo ngayon

hindi dahil sa risk-off environment

so pag naayos ang problema sa Europe at tumaas uli ang presyo ng langis i will laugh really really hard

[andywesteast]

sige tingnan natin

sabi ng bloomberg article kaya daw bumaba ang presyo ng langis dahil sobra daming langis sa mundo ngayon

hindi dahil sa risk-off environment

so pag naayos ang problema sa Europe at tumaas uli ang presyo ng langis i will laugh really really hard

So ULS, you are Smarter than the SHELL CEO too.

Shell CEO sees oil price falling more in 2012

Demand is quite clearly softening, but I wouldn’t say it’s collapsing. Today the market has enough oil, more oil than we need…I see (oil prices) softening in the second-half,” Voser told CNBC on the sidelines of the World Gas Conference in Kuala Lumpur on Tuesday. CNBC, June 5, 2012. a Few Hours ago.

Hey ULS, has it ever occurred to you that people other than yourself can be Right?

These people actually work in the Oil and Financials Industry, while you are just an Armchair analyst.

[uls]

^^^

baket? proven na ba?

can't you read? mas lalo daw bababa sa second half of this year

so tingnan natin

pag mali siya pagtatawanan ko din siya

[uls]

i don't care about the importance you give to oil supply

oil is a risk asset just like stocks and HY bonds

when risk appetite is strong money flows into risk assets

when there's fear money gets out of risk assets

right now there's fear

when the central banks decide to flood the world with money again...

when risk appetite comes back...

risk assets including oil will be bid up again REGARDLESS IF THERE"S LOTS OF SUPPLY

[uls]

ilan araw nako tinututukan nitong eastwest na ito

ano kaya problema niya?

[Monseratto]

So ULS, you are Smarter than the SHELL CEO too.

Shell CEO sees oil price falling more in 2012

Demand is quite clearly softening, but I wouldn’t say it’s collapsing. Today the market has enough oil, more oil than we need…I see (oil prices) softening in the second-half,” Voser told CNBC on the sidelines of the World Gas Conference in Kuala Lumpur on Tuesday. CNBC, June 5, 2012. a Few Hours ago.

Hey ULS, has it ever occurred to you that people other than yourself can be Right?

These people actually work in the Oil and Financials Industry, while you are just an Armchair analyst.

Again...do not be selective in your quotes...tsk,tsk,tsk!

No mention US-Canada here...

News Headlines

Global Oil Demand Not ‘Collapsing,’ Says Shell CEO


Crude oil prices have plummeted 20 percent over the past three months, but the CEO of Europe's biggest oil company Royal Dutch Shell, Peter Voser, doesn’t think global demand is “collapsing.” He, however, expects further downside in oil prices in the second-half of the year as the market is well supplied.

“Demand is quite clearly softening, but I wouldn’t say it’s collapsing. Today the market has enough oil, more oil than we need…I see (oil prices) softening in the second-half,” Voser told CNBC on the sidelines of the World Gas Conference in Kuala Lumpur on Tuesday.

London-traded Brent crude [LCOCV1 98.21 -0.64 (-0.65%) ] and U.S. WTI (West Texas Intermediate) crude [CLCV1 83.90 -0.08 (-0.1%) ] have been in a sharp downtrend in recent months due to worries over the euro zone debt crisis and a Greek exit, as well as a slowdown in growth momentum in top consumers U.S. and China.

Voser, however, says he is not worried about the longer-term demand picture for oil: “We have seen this (fall in demand) in the past, in 2008, 2009, but it can recover quite quickly.”

[crazy_boy]

hehe selective quoting para lang makapahiya ng iba. tsktsk