Oil Price Watch

**Ry_Tower** · October 12th, 2012 08:52 AM

Increasing tension indeed. I think Russia will intervene if Turkey assaults Syria.

BBC News - Turkey's ammunition claim on Syria plane 'lies' - Damascus

**uls** · October 12th, 2012 11:23 PM

the IEA sees Brent $89/barrel average price in 2017

PARIS (MNI) - Rising oil production by non-OPEC producers over the next five years and expanding OPEC capacity should keep pace with growing demand, raising hopes for easing barrel prices in the coming years, the International Energy Agency suggested Friday. Assuming a gradual recovery in global GDP growth to 4.3% by 2017, the IEA's medium-term oil market outlook sees oil demand rising by nearly 6 million barrels per day (mb/d) by 2017 to 95.68 mb/d. Over the same period, non-OPEC supply and OPEC natural gas liquids would grow by over 5 mb/d, while OPEC spare capacity would expand by 2.5 mb/d. Compared to last year's medium-term outlook, the IEA revised down projections for demand and OPEC capacity, while raising projections for non-OPEC supply from 2014 onward. "Revised assumptions, based on the market developments of the last 18 months, sketch out a seemingly more benign medium-term market outlook," the IEA said. "Against the backdrop of sluggish economic growth and increasing energy efficiency, the demand outlook looks more subdued, while the transformative power of non-conventional oil production technologies applied in shale and tight formations in North America exceeds earlier expectations," it said. "But this mild outlook is partly deceptive, given exceptional uncertainty about the global economy and heightened regional geopolitical risks," it cautioned. The IEA's assumptions for average oil import prices foresee a decline from $107 per barrel this year to $99/b next year and further easing to $89/b by 2017. However, "oil prices are expected to remain volatile over the forecast period amid heightened supply and demand uncertainty," it warned. "Inherent volatility in oil prices is primarily a result of uncertainty about global business conditions and lack of data, rather than financial speculation," it argued. "In the next five years, the global business outlook looks exceptionally cloudy, and the shift in market share towards the non-OECD economy more often than not comes with deteriorating rather than improving data quality." - Paris newsroom +331 4271 5540; email: ssandelius*mni-news.com

**Ry_Tower** · October 13th, 2012 09:24 AM

Oil price futures eased up a bit.

**uls** · October 13th, 2012 10:44 AM

^^^^

coz of the IEA repoort

**Ry_Tower** · October 17th, 2012 09:59 AM

Simple lang, halos 'di namalayan.

Oil firms hike gas, diesel, kerosene prices - The Philippine Star » News » Headlines

**Ry_Tower** · October 20th, 2012 10:27 AM

IEA's report outweighs the declining tension in ME so far.

**uls** · October 20th, 2012 10:49 AM

broad selloff last night across asset classes

equities, commodities... basically flight to cash

sa lagay na yan Brent still closed at $110

**mark.1** · October 22nd, 2012 07:24 PM

Oil prices are increasing day by day and the investor/ Owners of oil pumps are enjoying huge profit on their business. So i would prefer investors to invest in oil sector as it is one of the fastest growing business. And start this business but with proper guidance.

**Ry_Tower** · October 23rd, 2012 07:10 PM

^ Nagbaba na. La din sa news just like he last price increase naman.

Oil price rollback - Manila Standard Today

**Ry_Tower** · October 25th, 2012 09:41 AM

Mukhang ay price decrease pa. Price continues to decline eh.

**niky** · October 25th, 2012 10:45 AM

Originally Posted by mark.1

Oil prices are increasing day by day and the investor/ Owners of oil pumps are enjoying huge profit on their business. So i would prefer investors to invest in oil sector as it is one of the fastest growing business. And start this business but with proper guidance.

Proper guidance? Like buy low, sell high? Mission accomplished.

**vinj** · October 25th, 2012 02:36 PM

Originally Posted by niky

Proper guidance? Like buy low, sell high? Mission accomplished.

And don't get caught smuggling. :D

**Monseratto** · October 27th, 2012 10:42 PM

Hold off any fuel purchases 'til Monday if you can...

Oil firms announce hefty fuel price cuts effective Monday
By Amy R. Remo
Philippine Daily Inquirer 5:26 pm | Saturday, October 27th, 2012

MANILA, Philippines—Local oil companies are to implement hefty rollbacks in the prices of petroleum products starting early Monday to reflect an equally drastic drop in the price of oil in the international market.

Effective 12:01 a.m. Monday (October 29), Petron Corp. will cut the prices of premium gasoline by P2.15 a liter, regular gasoline by P1.70 a liter, and diesel and kerosene by P1.35 a liter.

Eastern Petroleum is also implementing a rollback of about P1.50 a liter for gasoline and P1 for diesel at midnight Sunday.

The price rollback, according to Eastern Petroleum chair Fernando Martinez, is due to the negative sentiment of traders owing to the slow economic recovery in Europe and the US. This adjustment bodes well for the “motorists heading for very long weekend vacations starting Thursday,” Martinez added.

Other oil companies are expected to announce soon their respective price adjustments.

Last week, oil companies cut the prices of premium gasoline by 90 centavos a liter, regular gasoline by 40 centavos a liter, diesel by 35 centavos a liter, and kerosene by 25 centavos a liter.

A report by the Department of Energy said oil prices see-sawed early this month as traders have been trying to gauge the strength of global oil demand, while watching developments in Syria and for any signs of supply disruptions in the Middle East.

**Ry_Tower** · October 29th, 2012 09:03 AM

^^Natuloy nga rollback.

Originally Posted by Ry_Tower

Mukhang ay price decrease pa. Price continues to decline eh.

BTW, looking at the chart below, parang kantang "Back at One". Back at $110 at that after a year.

**CVT** · October 29th, 2012 09:20 AM

Oil firms announce hefty fuel price cuts effective Monday
By Amy R. Remo
Philippine Daily Inquirer 5:26 pm | Saturday, October 27th, 2012

MANILA, Philippines—Local oil companies are to implement hefty rollbacks in the prices of petroleum products starting early Monday to reflect an equally drastic drop in the price of oil in the international market.

Effective 12:01 a.m. Monday (October 29), Petron Corp. will cut the prices of premium gasoline by P2.15 a liter, regular gasoline by P1.70 a liter, and diesel and kerosene by P1.35 a liter.

Quote ko lang ulit....

Walandyo,- hefty ba kamo iyan?..... :twak:

17.2K:type:

**1D4LV** · October 29th, 2012 09:44 AM

Originally Posted by CVT

Quote ko lang ulit....

Walandyo,- hefty ba kamo iyan?..... :twak:

17.2K:type:

pustahan tayo, after ng undas, magtataas yan ng 2 pesos...

**Ry_Tower** · October 29th, 2012 10:22 AM

Originally Posted by 1D4LV

pustahan tayo, after ng undas, magtataas yan ng 2 pesos...

Yan din tiingin ko. Bumalik kasi sa $110 price eh, coming from $108. Kaya baka mabawi din agad. Oks lang, pa-full tank na agad mamaya.

**CVT** · October 29th, 2012 10:23 AM

Originally Posted by Ry_Tower

Yan din tiingin ko. Bumalik kasi sa $110 price eh, coming from $108. Kaya baka mabawi din agad. Oks lang, pa-full tank na agad mamaya.

Oo,- iyan ang gagawin ko mamaya.... Kaso, hanggang doon nga rin lang...

17.2K:type:

**Ry_Tower** · October 29th, 2012 10:31 AM

Originally Posted by CVT

Oo,- iyan ang gagawin ko mamaya.... Kaso, hanggang doon nga rin lang...

17.2K:type:

Malay natin bumaba naman after the weekend. More bad news and missed targets sa profit top companies eh. UBS will cut 10,000 workers pa.

**uls** · October 29th, 2012 12:21 PM

months ago when brent was freefalling from 120+ to -100 i said the right price for brent is around 100. at that time mainstream media kept saying the price of oil would keep falling coz there's too much oil but i stuck to my conviction that there's a price floor either 90 or 100

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