World Crude Oil prices

hariesha · 1 World Crude Oil prices Thu May 17, 2012 4:53 pm

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Barrrel of light crude is down to 92.81 USD from a high of 109.2 USD. This is a 7% drop YoY 10% for last 30 days.

WildBear · 2 Re: World Crude Oil prices Thu May 17, 2012 5:30 pm

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Eager to watch the media sstatements of our Ministors and economic gurus to justify not reducing fuel prices. Evil or Very Mad

SRIAS · 3 Crude Oil Price 1 week chart Thu May 17, 2012 5:41 pm

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mark · 4 Re: World Crude Oil prices Thu May 17, 2012 7:42 pm

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minimum bus fares will be 7rs again?

i think its the rationality,it should go up if oil go up and should come down if oil go down,, Twisted Evil

oh i forgot,this is srilnka ne Twisted Evil

samcader · 5 Re: World Crude Oil prices Thu May 17, 2012 8:14 pm

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LIOC REGISTRED A PROFIT OF RS 900 MILLION FOR 2011/2012 WITH RETAINED EARNINGS OF APPROX RS 2 BILLION APPEARS A GOOD BUY

hariesha · 6 Re: World Crude Oil prices Thu May 17, 2012 9:25 pm

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SRIAS wrote:

This is not 1 week chart. It's from June 2010 a two year chart. It shows two oil rallies.

Whitebull · 7 Re: World Crude Oil prices Fri May 18, 2012 11:27 am

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WildBear wrote:Eager to watch the media sstatements of our Ministors and economic gurus to justify not reducing fuel prices.

They will say they have already brought oil at high prices for few months and after new stocks arrives they will consider to reduce the oil prices.

hariesha · 8 Re: World Crude Oil prices Fri May 18, 2012 3:04 pm

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Dear friends,

I am posting updates for oil prices in this blog not to indicate that government should reduce the prices. But to indicate easing of external pressures and positive impact that can have for the economy.

By dropping of oil prices from 108 USD/Barrel to around 95.5 we are saving about 2.5 m USD per day. This is equal to an annual saving of about 1 billion USD.

Government should not bring down oil prices. Our people don’t know to conserve at least the resources that we import.

So if you are real investors, don't expect price reductions.

traderathome · 9 Re: World Crude Oil prices Fri May 18, 2012 5:27 pm

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Oil prices come down when major economies are uncertain like what's happening in Europe due to greece and Spain also china will go at around 7% avg GDP growth also we are seeing us economy showing strains in the backdrop of domestic as well as external presure. Us will want a less volatile Europe therefore unless we see improvement in above crude prices will further slide and gold prices will be up to 1700 mark from current 1590

hariesha · 10 Re: World Crude Oil prices Sat May 19, 2012 12:37 am

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Oil is down even today. Now it's down by 11.4% within a month and 6.5% for the last 12 months.

smallville · 11 Re: World Crude Oil prices Sun May 20, 2012 4:40 pm

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Rather than reducing fuel prices, govt could reduce the imposed tax for crude oil.. Then eventually the fuel prices would come to a sustainable limit I guess..
Sometimes it would be more apprepriate to have market rates for fuel like in develeoped countries, so u get it less on some days..

On the other and govt cant pass the concession to the common ppl due to the rupee devaluation. In 2010 the $=109 I think and now its 129 so when a barrel goes down by 5$ still we're not reaping a benefit due to the high defecit.. But govt can use this defecit to earn something..

Just my thinking..

Rajaraam · 12 Re: World Crude Oil prices Sun May 20, 2012 10:01 pm

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Best thing would be introduce a pricing formular for this kind of sensitive items. Not only oil, wheat flour,sugar,milk powder etc. However proposed pricing formular should be transparent one. Anybody who has a simple knowledge of arithmetic could be able to understand it. That is how govt. could establish good governance. Otherwise authorities could take decissions in favour of the importer/producer. Such pricing should be acceptable to all stakeholders including the consumers.

Redbulls · 13 Re: World Crude Oil prices Sun May 20, 2012 10:27 pm

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Rajaraam wrote: However proposed pricing formular should be transparent one.

Agreed,but still we are dreaming no?

manula · 14 Re: World Crude Oil prices Sun May 20, 2012 10:44 pm

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As i know their is a pricing forumla for oil.. but this time they increased the price not according to the forumla even.. How they will make a easy forumla..for this university entrance Z score they jumble the every thing ne..

mean time same as oil price ..gold price also reducing these days...

dennam jambu · 15 Non adjustment of oil prices Thu Feb 11, 2016 8:48 pm

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LOw oil price bringing down the commodity prices and industrial goods world over.unfortunately in our country manufacturers ,farmers ,producers ,planters etc not getting the benefit of the low oil prices whereas their competitors in others countries now can produce their products cheaper because those countries are adjusting the oil prices according to the world market prices.now producers in our country are at big disadvantage and cannot compete with overseas competitors , so they will have to give up the industry unless govt give the benefit of low oil prices to the producers ,industrialist etc. govt should give cheap oil to industries at least.

Dhehan · 16 Re: World Crude Oil prices Fri Feb 12, 2016 8:55 am

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This government is using excess revenue from oil to cover the budget deficit. Unnecessary expenses due to huge cabinet.

troy · 17 Re: World Crude Oil prices Fri Feb 12, 2016 9:15 am

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dennam jambu wrote:LOw oil price bringing down the commodity prices and industrial goods world over.unfortunately in our country manufacturers ,farmers ,producers ,planters etc not getting the benefit of the low oil prices whereas their competitors in others countries now can produce their products cheaper because those countries are adjusting the oil prices according to the world market prices.now producers in our country are at big disadvantage and cannot compete with overseas competitors , so they will have to give up the industry unless govt give the benefit of low oil prices to the producers ,industrialist etc. govt should give cheap oil to industries at least.

In what products???

I dont think world wide manufactures are that eager to adjust prices down, because if oil prices increase they are not in a position to revise prices that easily. Instead, manufactures will be eagerly profiting from the current position and go for product developments. This will have an impact on Sri Lnakan brands which are suppose to compete with cash rich developed competitors.

prabath · 18 Re: World Crude Oil prices Fri Feb 12, 2016 9:23 am

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Dhehan wrote:This government is using excess revenue from oil to cover the budget deficit. Unnecessary expenses due to huge cabinet.

Oil saving our asses right now.So I have no demands from government.

Chinwi · 19 Re: World Crude Oil prices Fri Feb 12, 2016 10:00 am

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What about the huge amount of money taken away by Indians ? IOC

troy · 20 Re: World Crude Oil prices Fri Feb 12, 2016 10:22 am

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Chinwi wrote:What about the huge amount of money taken away by Indians ? IOC

Isn't IOC share price should adjust to reflect that???? If so good time to buy IOC?

Senior Citizen · 21 Re: World Crude Oil prices Sat Feb 13, 2016 9:56 pm

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troy wrote:

Chinwi wrote:What about the huge amount of money taken away by Indians ? IOC

Isn't IOC share price should adjust to reflect that???? If so good time to buy IOC?

OBAMA gave a suggestion to charge USD 10 for each barrel of oil.

May be LKR 10 will be added to the tax component.

slequityanalyst · 22 Re: World Crude Oil prices Tue Feb 16, 2016 8:54 pm

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I personally think that LIOC will return to profitability back in this December quarter and the last quarter of the FinYearEnd.

As usual would like to direct you to this link where you can find some detailed statistics about the fuel market.

Hope it will be useful to you guys.

http://lankanmarkets.blogspot.com/2016/02/our-sri-lankans-immunity-to-global-oil.html

fireshelter · 23 Oil prices plunge as Trump speech eases Iran fears Wed Jan 08, 2020 11:01 pm

[size=28]OPEC reassures

Teller · 24 Oil prices down by 30% Mon Mar 09, 2020 10:18 am

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sudden oil prices down by 30%.
https://www.google.com/search?q=world+oil+prices&oq=world+oil+pr&aqs=chrome.0.0l2j69i57j0.12646j0j4&client=ms-android-hmd-rev2&sourceid=chrome-mobile&ie=UTF-8

AsithaDe · 25 Re: World Crude Oil prices Mon Mar 09, 2020 12:18 pm

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How this will impact to our economy ?

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World Crude Oil prices

1 World Crude Oil prices Thu May 17, 2012 4:53 pm

hariesha

2 Re: World Crude Oil prices Thu May 17, 2012 5:30 pm

WildBear

3 Crude Oil Price 1 week chart Thu May 17, 2012 5:41 pm

SRIAS

4 Re: World Crude Oil prices Thu May 17, 2012 7:42 pm

mark

5 Re: World Crude Oil prices Thu May 17, 2012 8:14 pm

samcader

6 Re: World Crude Oil prices Thu May 17, 2012 9:25 pm

hariesha

7 Re: World Crude Oil prices Fri May 18, 2012 11:27 am

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8 Re: World Crude Oil prices Fri May 18, 2012 3:04 pm

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9 Re: World Crude Oil prices Fri May 18, 2012 5:27 pm

traderathome

10 Re: World Crude Oil prices Sat May 19, 2012 12:37 am

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11 Re: World Crude Oil prices Sun May 20, 2012 4:40 pm

smallville

12 Re: World Crude Oil prices Sun May 20, 2012 10:01 pm

Rajaraam

13 Re: World Crude Oil prices Sun May 20, 2012 10:27 pm

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14 Re: World Crude Oil prices Sun May 20, 2012 10:44 pm

manula

15 Non adjustment of oil prices Thu Feb 11, 2016 8:48 pm

dennam jambu

16 Re: World Crude Oil prices Fri Feb 12, 2016 8:55 am

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17 Re: World Crude Oil prices Fri Feb 12, 2016 9:15 am

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18 Re: World Crude Oil prices Fri Feb 12, 2016 9:23 am

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20 Re: World Crude Oil prices Fri Feb 12, 2016 10:22 am

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21 Re: World Crude Oil prices Sat Feb 13, 2016 9:56 pm

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22 Re: World Crude Oil prices Tue Feb 16, 2016 8:54 pm

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