Oil Price Watch

[threx666]

Saw in tv patrol mukh ang magkakaroon ng rollback next week

30 cents yata for gas and 70 cents for diesel

[Ry_Tower]

^ Nagkatotoo na.

4 oil firms slash prices as global market stays well supplied | Inquirer Business

[uls]

Weak Europe, hurricane slow oil demand growth: IEA - MarketWatch

FRANKFURT (MarketWatch) -- The International Energy Agency on Tuesday cut its forecast for fourth-quarter global oil demand to 90.1 million barrels a day, a reduction of 290,000 barrels a day, citing "persistent weakness" in Europe and the impact of Hurricane Sandy in the U.S. In its monthly report, the Paris-based agency cut its 2012 growth forecast by 60,000 barrels a day to a rate of 670,000 barrels a day. The IEA pegged 2013 demand to grow by 830,000 barrels a day, taking total consumption to an average 90.4 million barrels a day -- a decline of 100,000 barrels from the organization's October forecast. The IEA said a weak economic backdrop continues to restrain oil-demand growth throughout the forecast. Hurricane Sandy, meanwhile, is estimated to have trimmed U.S. demand by 230,000 barrels a day in October, the report said.

[uls]

Israel vs Hamas

[uls]

risk off > geopolitics

UPDATE 10-Oil falls as economic fears outweigh Mideast violence | Reuters

NEW YORK, Nov 15 (Reuters) - Oil prices fell on Thursday when an increase in U.S. weekly jobless data and disappointing earnings results stoked economic concerns, and the market focused on violence in the Middle East.

Pressure came after the release of data that showed U.S. weekly jobless benefits claims rose last week, reflecting the impact of late October's superstorm Sandy, which also damped economic activity in the mid-Atlantic states.

Data showing the euro zone slipped into its second recession since 2009 in the third quarter also weighed down prices. Disappointing results from Wal-Mart Stores Inc and the looming U.S. "fiscal cliff" also pressured equity and oil markets.

--


listen

http://www.platts.com/IM.Platts.Cont...ods/oilus2.mp3

[timrev]

Explorers complain govt permits take longer than drilling for oil underwater
Explorers complain govt permits take longer than drilling for oil underwater - InterAksyon.com

nakakainis ang goverment pag ganyan

[crazy_boy]

someone told me na may 1.++ peso /liter price increase daw sa gas this week? totoo ba ito?

[Ry_Tower]

someone told me na may 1.++ peso /liter price increase daw sa gas this week? totoo ba ito?

Yes bro possible meron if hindi magbago trend. Gaza conflict is very much a concern kasi.

Plus Iran is playing hardball by declaring they are even stepping up nuclear work. iafrica.com | news | world news | Iran: 1 step close to The Bomb

[uls]

risk on!!

they're working on the fiscal cliff

Dow Soars 150 on 'Cliff' Hopes; Apple Jumps 5%
Published: Monday, 19 Nov 2012 | 11:13 AM ET

Stocks held sharp gains across the board at the start of a holiday-shortened week amid signs of progress in Washington to resolve the "fiscal cliff" and following a pair of better-than-expected housing reports.

plus Israel-Hamas

equals...

Oil Rises to $111 on Mideast, US Budget Hopes
Published: Monday, 19 Nov 2012 | 11:14 AM ET

Oil rose to $111 a barrel on Monday as escalating violence in the Middle East fueled concerns over oil supplies from the region and as hopes rose that a U.S. budget crisis could be averted.

[Ry_Tower]

Hopefully may reprieve sa pagtaas ng oil price. Para hindi mabawi lahat ng ibinaba for the past month.

Israel has put plans for a ground operation in Gaza "on hold" to give talks to secure a truce with Hamas militants a chance, officials say.

[Ry_Tower]

Nagtaas na nga although no movement sa diesel (buti naman).

But gasoline malaki itinaas for both regular and unleaded.

Tension in Gaza jacks oil prices up - Manila Standard Today

[Ry_Tower]

Buti may ceasefire na sa Gaza. Brent futures * 111. Momentary reprieve sa price increase IMO.

[uls]

risk on

dow +1.35%, nasdaq +1.38%, s&p 500 +1.30

Brent closes above $111

- - - Updated - - -

risk on

dow +1.35%, nasdaq +1.38%, s&p 500 +1.30

Brent closes above $111

[renzo_d10]

Damn, mukhang may price increase nanaman.

[Ry_Tower]

^ Nangyari na. parang .90-P1.00 tinaas sa diesel.

[testament11]

0.70 to be exact sa diesel. Ewan ko lang sa gas kung magkano. Kagabi eh binabalita palang na possible this week ang increase. Yun pala eh kinabukasan ang increase

[Ry_Tower]

0.70 to be exact sa diesel. Ewan ko lang sa gas kung magkano. Kagabi eh binabalita palang na possible this week ang increase. Yun pala eh kinabukasan ang increase

hehe, yun na nga, balita pa lang pero meron na pala. .70 pala sa diesel.

[mateomarco]

.30 to .50 ata inincrease for regular and premium gasoline...

[uls]

risk on!

Greece Wins Easier Terms on Debt as EU Hails Rescue Formu - Businessweek

European finance ministers eased the terms on emergency aid for Greece, declaring after three years of false starts that Europe has found the formula for nursing the debt-stricken country back to health.

In the latest bid to keep the 17-nation euro intact, the ministers cut the rates on bailout loans, suspended interest payments for a decade, gave Greece more time to repay and engineered a Greek bond buyback. The country was also cleared to receive a 34.4 billion-euro ($44.7 billion) loan installment in December. The euro rose to a three-week high on the agreement.

[Ry_Tower]

Mag-dedecember na ah. Mukhang sasablay yung isang prediction dito ah. :D