Oil Price Watch

[uls]

fiscal cliff offsets Greece deal

www.cnbc.com/id/49978411

European shares were higher after Greece's international creditors secured a deal to reduce the troubled nation's debt by 40 billion euros ($51.9 billion) and changed the debt target for the country to 124 percent of gross domestic product (GDP) by 2020, from 120 percent previously.

However investors in the U.S. will remain focused on politicians’ efforts to resolve the $600 billion “fiscal cliff” of automatic tax hikes and spending cuts due to hit the U.S. economy at the end of the year. Negotiations are expected to resume this week as policymakers return to Washington from the Thanksgiving holiday.

Brent falls below $110

[vinj]

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

May one month pa rin siya. :D

[uls]

risk on!

US Stocks: Stocks Rise After Economic Data, Dow Above 13,000 - US Business News - CNBC

Stocks opened higher Thursday, with the Dow trading above the psychologicically-important 13,000 level, following a pair of positive economic reports and amid optimism toward a "fiscal cliff" deal in Washington.

brent above $111

[uls]

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.

November is over

last night Brent closed at $111.19



he said what?

I see (oil prices) softening in the second-half

when?

June 5, 2012

so how'd it turn out?

[Ry_Tower]

Oil prices relaxed a bit. US fiscal cliff still weighing it down and the uneasy truce of Israel with hamas. Sana tension sa Turkey-Syria hindi din mag-flare up despite the report of Patriot missiles being deployed na.

[uls]

dito sa tsikot, we already switched to Brent.... matagal na

Brent Favored Over WTI Oil by U.S. for First Time - Bloomberg

Dec. 6 (Bloomberg) -- Even the U.S. Energy Department no longer deems America’s benchmark oil grade as the best guide to global prices, as rising production swells national stockpiles.

The Energy Information Administration in Washington dispensed with West Texas Intermediate for its price forecasts in its Annual Energy Outlook 2013 released yesterday, adopting North Sea Brent crude instead. It’s the first time the department has used Brent, reflecting “a growing discrepancy between West Texas Intermediate prices and global crude prices,” it said.

[Ry_Tower]

Laki ng binaba ng brent ah. 2.5%

Sent from my WT19i using Tapatalk 2

[uls]

last night ECB's Draghi said the eurozone economy will weaken in 2013

Brent reacted falling below $107

[uls]

Nexen, Progress Energy takeovers approved by Harper government

OTTAWA - The federal government approved Friday the takeovers of Calgary-based Nexen Inc. (TSX:NXY) and Progress Energy Resources Cor. (TSX:PRQ) by Asian state-controlled firms.

China’s CNOOC and Malaysia’s Petronas received the OK from the government late Friday as part of a wide-ranging update of foreign takeover rules.

However, the government said it will only consider future takeover deals in the oilsands by state-owned companies in exceptional circumstances.

And all state-owned enterprises seeking to buy large Canadian companies will face greater scrutiny about how they operate and how much control their home governments would have over how they do business.

Prime Minister Stephen Harper says foreign-state control of oilsands development has reached the point where further control would not be beneficial to Canada.

[crazy_boy]

may price roll back yata this week nakita ko sa TV last night.

[Ry_Tower]

may price roll back yata this week nakita ko sa TV last night.

Puwede, mga 3-4 days na din kasing $107 lang brent sa world market.

[crazy_boy]

Oil firms to roll back prices of fuel products | News | GMA News Online | The Go-To Site for Filipinos Everywhere



Oil firms to roll back prices of fuel products
December 10, 2012 11:05pm
Citing recent price movements in the world market, oil firms are rolling back the prices of some of their products effective 12:01 a.m. Tuesday.

Petron on Monday said on its Twitter account its price rollbacks will cover diesel, regular gas, unleaded and premium gas.

It said its price rollbacks will be:

- 75 centavos per liter for premium and unleaded gas
- 20 centavos per liter for regular gas
- 15 centavos per liter for diesel

Phoenix Petroleum will implement a similar rollback on Tuesday as well, according to a report on dzBB radio Monday night.

A separate dzBB report said Shell, Seaoil and Flying V are planning a similar rollback, but will also roll back prices of kerosene by 10 centavos per liter.

Last week, oil companies rolled back prices of fuel products including unleaded and premium gas, regular gas, and kerosene. They did not, however, roll back prices of diesel. — Reuters

[uls]

Fed stimulus

Brent $109

[uls]

Shell CEO sees oil price falling more in 2012 | Reuters

KUALA LUMPUR, June 5 | Tue Jun 5, 2012 12:17am EDT

(Reuters) - Oil prices will weaken more in the second half of 2012 as demand reacts to the slowing global economy and international political tensions ease, Royal Dutch Shell Chief Executive Peter Voser said on Tuesday.

Brent crude dropped below $100 a barrel recently to a 16-month low as weak economic data from the United States and China added to ongoing worries about the euro zone crisis.

"Global demand is softening, we have got recessionary elements in Europe, a small slowdown in Asia Pacific," Voser told Reuters in an interview.

"At the same time some of the geopolitical elements of price volatility over the past few months have kind of receded, and therefore we see a softening of prices which I expect to go well into the second half of this year."

soften my ass

[dfopiso]

sabi sa TV patrol kagabi, tataas nga this week

[uls]

so Brent ends the year at $110

far above the June low ($88)

people said the price would fall further

people said it's coz there's too much oil in North America

i didnt agree

i viewed the selloff had little to do with supply and demand fundamentals. it was a risk-off trade. risk assets were dumped across the board coz Europe was about to implode

i said Brent would not stay below $100 very long. i said the right price for Brent is $100

and i said when the ECB saves Europe Brent would bounce back up

AND IT DID

[vinj]

Uls, wala bang Christmas present yung Shell CEO sa yo? :D Talo ata siya sa pustahan niyo.

[uls]

dapat meron no?

1 year free fuel

[uls]

happy new year!

brent $112

[Ry_Tower]

Fiscal cliff and all yet brent oil is indeed up