Oil Price Watch

[Ry_Tower]

Pasabugin na ang Iran, pang-gulo lang eh. Nagbaba nga ng .30 ah. hmmm

[uls]

like i said global PMI numbers could weigh on oil prices

Oil complex settles down on US, China, European economic woes - Oil | Platts News Article & Story

The petroleum complex settling lower Monday after a slew of poor macroeconomic data, including contracting manufacturing figures from the US, China and the EU.

NYMEX August crude futures declined $1.21 to settle at $83.75/barrel, after dropping as low as $82.10/b. ICE August Brent settled 46 cents lower at $97.34/b.

if it wasnt for Iran oil prices would have fallen much lower

weak economic data put downside pressure on oil while Iran provided support

WTI fell more than Brent coz North American crude won't be affected by Strait of Hormuz blockade

if Middle East oil can't get thru the strait demand for North Sea crude will increase

[shadow]

Walang kwenta mgs na post mo Uls, ibagsak Ang big 3 pa rin and noynoy administration! Makibaka!


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[uls]

haha

oo evil greedy oil companies rule the world

[vinj]

Hindi pa ba inaangkin ng China itong Straight of Hormuz?

[shadow]

Bakit hinde pa nagpost Dito Si tidus nag post na siya sa Isang thread ah, hinde na yats interested Si tidys Sa economics


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[uls]

Hindi pa ba inaangkin ng China itong Straight of Hormuz?

hehe

but they have interest in keeping that strait open

China buys a lot of Middle East oil

[CVT]

Hindi pa ba inaangkin ng China itong Straight of Hormuz?

Kung Hermes iyan,- malamang naibenta na ni Sarah Evangelista (DAW).... :hysterical:

16.1K:nerves:

[greenlyt]

Kung Hermes iyan,- malamang naibenta na ni Sarah Evangelista (DAW).... :hysterical:

16.1K:nerves:

hahaha nice one sir CVT. pero malamang kaya nga ibenta ni Sarah Evangelista yan

[uls]

Iran isnt the only one complaining oil price is too low

Algeria also wants an emergency OPEC meeting

Algeria joins call by Opec hawks for oil price action - The National

"If the deterioration of the oil market reaches a certain point, the group will be holding an extraordinary meeting to study ways and means to correct this imbalance," Youcef Yousfi, the Algerian oil minister, was quoted as saying by APS, Algeria's official news agency. "There are currently 2 million barrels per day [bpd] extra oil on the market from a year ago."

[pop3corn]

Iran isnt the only one complaining oil price is too low

Algeria also wants an emergency OPEC meeting

Algeria joins call by Opec hawks for oil price action - The National

how it can it be imbalance? oil has been expensive for so many months, then it's also natural for oil to be cheaper in the same number of months.

ganyan nun 2008 dba oil peaked from July to Jan 09 Then big drop from Mar 2009 to end of that year. If I recall nag P27 pa kaya diesel noon.

Kung di nga LNG nagkagyera sa middle east and the domino removal of dictators last year pa bumaba ang oil. Tingen ko they're out of options on how to artificially raise oil prices.

what we need is a war, a full blown war, a purging event para mag-balance coz if oil continues to lower, nakow yan ang delikado talaga. kaya nga sinasabi ko dito lagi lock the price of oil at 3 years interval to ensure Hindi masira ang momentum ng mga economies. Go ahead make it more expensive, people will adjust naman, back in 2007, everybody thought gasoline at sub P60 price level will be a catalyst for apocalyptic event pero nowadays parang normal Lang ang P 50+ na fuel.

[renzo_d10]

Fave mo talaga si tidus, ah

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[Starex_Gold]

Bakit hinde pa nagpost Dito Si tidus nag post na siya sa Isang thread ah, hinde na yats interested Si tidys Sa economics


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Na-humaling na sa Fiesta....

[uls]

how it can it be imbalance? oil has been expensive for so many months, then it's also natural for oil to be cheaper in the same number of months.

di naman duration ang imbalance na sinasabi

the imbalance Algeria is referring to is Saudi Arabia producing 2 million barrels per day more than needed

[shadow]

Baka mahilo Si tomboy Sa inyo..."imba!" imba!"


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[uls]

SINGAPORE | Tue Jul 3, 2012 3:43am EDT
(Reuters) - Brent crude rose on Tuesday to hover near $98 per barrel, as worries supply would be hit if Iran shuts a key shipping route helped offset demand concerns stoked by gloomy global manufacturing data.

[uls]

if Iran wants maximum impact they have to close the Strait of Hormuz now before a pipeline that bypasses the strait becomes operational

UAE begins operating Abu Dhabi-Fujairah crude pipeline - Oil & Gas Journal

The United Arab Emirates has inaugurated its 230-mile Abu Dhabi Crude Oil Pipeline (ADCOP) from Abu Dhabi to Fujairah. Oil exports from Fujairah will pass through the Gulf of Oman, bypassing the Strait of Hormuz. Initial runs occurred at 1 million b/d, but ADCOP will eventually carry 1.5 million b/d, expandable to 2 million b/d.

Start-up of the pipeline has been delayed repeatedly since an initial 2009 target. ADNOC expects to begin full operations later this month.

[uls]

DUBAI (Reuters) – Iran said on Tuesday it had successfully tested medium-range missiles capable of hitting Israel in response to threats of military action against the country, Iranian media reported.

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[Monseratto]

Brent breaks US$100...

[uls]

hahaha

somebody please remind traders there's too much oil in the world right now