Oil Price Watch

[niky]

So-called “in situ” projects, which use wells and underground steam injection to extract oil sands crude, are less vulnerable, with a break even of about $60.

And said "in situ" project won't supply global demand. Thus... maintaining level for all oil sands projects should be... like we discussed... around the $85+ dollar level. $100 dollars would make development a certainty.

[spinxplo]

yehey sana bigtime roll back..

[uls]

And said "in situ" project won't supply global demand. Thus... maintaining level for all oil sands projects should be... like we discussed... around the $85+ dollar level. $100 dollars would make development a certainty.

and remember... Canadian oil is priced even lower than WTI

price of Canadian heavy oil - Western Canada Select - is $60

Bloomberg Western Canada Select Crude Oil Spot Price Analysis - USCRWCAS - Bloomberg

price of synthetic crude - Syncrude - is $80

Bloomberg Syncrude Sweet Blend Crude Oil fob Edmonton Spot Price Analysis - USCRSYNC - Bloomberg

Syncrude used to be more expensive than WTI

[uls]

again, Canada

http://www.theglobeandmail.com/comme...article4299451

Currently, we suffer two discounts, a West Texas Intermediate differential and a heavy oil differential. At various times this year, these differentials have amounted to as much as $37 per barrel. By one estimate, $630-billion in additional GDP will be forgone over the next 25 years. This is value destruction of monumental proportions. Quite naturally, these price differentials are also slowing down the pace of production and could result in new investments being postponed or cancelled altogether.

[tomboy]

Kahit bumaba pa gas hindi na ako naeexcite gaano.

Sa gabi lang ako gamit car and may times din pag umaga or hapon pag kailangan ko talaga gamit kotse.

Kung baga bonus na lang ito nangyayari but no more excitement for me kasi as much as possible gusto ko maging mode of transportation ko na bike sa buong metro manila. Currently around greenhills-megamall-tiendesitas pa lang kaya ko kasi safety issues din sa ibang lugar. Hoping na makabike na ako around quezon avenue-west avenue. Katakot kasi dami squatters area sa tatalon eh mga halang bituka doon.

[Monseratto]

CRUDE OIL BRENT LAST DAY Aug 2012

US$ 89.23



NYMEX CRUDE

US$ 78.34

[Ry_Tower]

^ grabe nga, $89.23 na lang brent. Magulo pa price sa market. Surely may rollback na naman sa weekend if hindi magbago yan.

Baba na rin dapat pamasahe.

[uls]

now the only thing that can stop the decline in oil prices is some saber-rattling from Iran

European sanctions begin July

[uls]

WTI spot price 77.84000
WTI Cushing Crude Oil Spot Px Analysis - USCRWTIC - Bloomberg

Canadian oil trades at a discount to WTI

Syncrude differential -2.75000
Bloomberg Syncrude Sweet Blend Crude Oil fob Edmonton Spot DIfferential Analysis - USCSSYNS - Bloomberg

Syncrude spot price 75.09000
Bloomberg Syncrude Sweet Blend Crude Oil fob Edmonton Spot Price Chart - USCRSYNC - Bloomberg

Western Canada Select differential -23.50000
Bloomberg Western Canada Select Crude Oil Differential Analysis - USCSWCAS - Bloomberg

Western Canada Select spot price 54.34000
Bloomberg Western Canada Select Crude Oil Spot Price Analysis - USCRWCAS - Bloomberg


Cheap Canadian oil spells trouble for producers - The Globe and Mail

New oil sands mines require oil prices of about $80 a barrel to break even, while even low-cost projects require $60 oil.

[falken]

Any news of another round of local gas price reduction?

[CVT]

Kailan ba bababa ang presyo ng gasolina/krudo?....

16.0K:dude:

[uls]

hintay lang magkakaroon yan

[shadow]

This week meron daw P1.90/ltr


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[greenlyt]

^ laki ng binba ng gas

[c_cube]

This week meron daw P1.90/ltr


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sana naman bumababa ng ganyan kalaki. hindi ko pa nababalitaan na may rollback

[rambo149]

yah napabalita news na baba daw1.90/ltr this week sana magkatotoo

[CVT]

hintay lang magkakaroon yan

This week meron daw P1.90/ltr

As usual bros,- sticky going downwards....

16.0K:dude:

[pop3corn]

na ba bad trip na ako sa pag baba ng gasoline ha! last Sat na iPit ako sa traffic sa Greenhills Ortigas ave. pa diesel ako last Sat tapos I got 50 liters on a P40/liter price, dati 42 liters LNG ata.

pls Oil Cartels and SG, do everything in your power para tumaas ulit. dati bliss driving ako eh, ngaun sumisikip an naman.

[uls]

paano hindi dadami ang sasakyan meron ako nakita kahapon nakadisplay sa mall Hyundai Eon (kasama ibang car brands)

18K downpayment!

dami interesado walang pahinga mga salesrep

[greenlyt]

18K downpaymet? wow!
tapos i-max po yun term, mga 5 years to pay, d masyado ng attractive yan sa gusto magka-kotse