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World Crude Oil prices

+27
Miss-Sangeetha
Soilconomy
Kipling
Yahapalanaya
kasun_gimhana
KavinduTM
AsithaDe
Teller
fireshelter
slequityanalyst
Senior Citizen
Chinwi
prabath
troy
Dhehan
dennam jambu
manula
Redbulls
Rajaraam
smallville
traderathome
Whitebull
samcader
mark
SRIAS
WildBear
hariesha
31 posters

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Go down  Message [Page 2 of 2]

21World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Fri Feb 12, 2016 8:55 am

Dhehan


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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

22World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Fri Feb 12, 2016 9:15 am

troy


Moderator
Moderator

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.

23World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Fri Feb 12, 2016 9:23 am

prabath


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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.

24World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Fri Feb 12, 2016 10:00 am

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics

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



25World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Fri Feb 12, 2016 10:22 am

troy


Moderator
Moderator

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?

26World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Sat Feb 13, 2016 9:56 pm

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

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.

27World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Tue Feb 16, 2016 8:54 pm

slequityanalyst


Manager - Equity Analytics
Manager - Equity Analytics

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

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Oil prices tumbled Wednesday as President Donald Trump signaled tensions with Iran are easing, reducing fears of a deeper conflict between the two nations.
The decline in crude marks a stunning reversal from an initial spike caused by Iran's missile strike on bases in Iraq that house US troops.
US crude tumbled 4%, hitting session lows after Trump signaled tensions could be easing.

"Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world," Trump said in a highly-anticipated speech.
Crude briefly dipped below $60 a barrel after Trump's remarks, giving back all of the gains from last week's US drone strike that killed a top Iranian commander.
It's a dramatic pullback from the high of $65.65 late Tuesday after Iran lobbed missiles on bases in Iraq that house US troops.
Trump confirmed that no Americans were harmed in that attack. And rather than signaling a US military response, Trump vowed to impose new sanctions on Iran.
There is a growing sense that Iran's attack was not as bad as initially feared. No casualties have been reported. Some in the Trump administration think Iran intentionally missed areas with Americans, multiple officials told CNN.
Iran launched more than a dozen ballistic missiles against bases in Iraq that house US troops in retaliation for the American airstrike that killed a top Iranian general last week. The attacks were Iran's response to the US killing last week of top Iranian General Qasem Soleimani in Baghdad. Iran has called that attack an "act of war" and "state terrorism" and had vowed a response.
"It comes as no surprise that there has been a reprisal from Iran — the concern is that this is just the sign of things to come," said Matt Smith, director of commodity research at ClipperData.
Investors are on high alert for any signs of a clash between the United States and Iran that threatens oil supplies in the Middle East. Crude prices retreated earlier this week on hopes that energy supplies won't be impacted by the tensions.

[size=28]OPEC reassures


The energy minister of the United Arab Emirates said Wednesday that OPEC is ready to respond as tensions rise in the Middle East, saying that no country can afford a return to a situation where crude oil costs $100 per barrel.
Suhail Al Mazrouei told CNN Business that the cartel would seek to ensure that ample energy supplies are available.
"We will always make sure that we supply the world with whatever it requires," al Mazrouei said, adding that the United Arab Emirates was building spare capacity in order to avoid shortages.
Still, the energy minister cautioned that even OPEC and its allies don't have unlimited resources. "We have limitations as well," he said, saying that the group "cannot just replace any quantity" of supply that is taken offline.

A spike in oil prices could deal a blow to the world economy, which is already struggling from weak manufacturing activity. Dow (INDU) futures briefly tumbled more than 400 points during Asian trading hours on Wednesday.
—CNN's John Defterios, Veronica Rocha and Meg Wagner contributed to this report[/size]

29World Crude Oil prices - Page 2 Empty Oil prices down by 30% Mon Mar 09, 2020 10:18 am

Teller

Teller
Moderator
Moderator

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

30World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Mon Mar 09, 2020 12:18 pm

AsithaDe


Equity Analytic
Equity Analytic

How this will impact to our economy ?

31World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Mon Mar 09, 2020 4:59 pm

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

AsithaDe wrote:How this will impact to our economy ?

Oil prices reduced but still srilanka oil prices haven't reduced. So LIOC and LLUB will earn massive profits.

This oil price decline is just temporary with the virus. So no need to reduce local oil price levels. People can't take those sudden highs and lows. Better to stick at current prices.

32World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Mon Mar 09, 2020 5:49 pm

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics

KavinduTM wrote:
AsithaDe wrote:How this will impact to our economy ?

Oil prices reduced but still srilanka oil prices haven't reduced. So LIOC and LLUB will earn massive profits.

This oil price decline is just temporary with the virus. So no need to reduce local oil price levels. People can't take those sudden highs and lows. Better to stick at current prices.
@KavinduTM Please don't be Rajapaksa Ass licker, Srilanka fuel prices need to be matched with international oil prices. For that purpose, we can use formula or standard deviation whatever kind of method.that is how developed country doing, even India also the same. that is what IMF suggesting. otherwise, oil companies will get benefited. IOC 70% belong to India not to Srilanka. Then nobody blam to the government, because Sri Lanka government cannot do anything for the fuel prices. people can make an economic decision,, Investment decision easily. Otherwise, some people make secret profit knowing insider information of the government's price. changes. Wagapitia is one of them.

33World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Mon Mar 09, 2020 5:52 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

KavinduTM wrote:
AsithaDe wrote:How this will impact to our economy ?

Oil prices reduced but still srilanka oil prices haven't reduced. So LIOC and LLUB will earn massive profits.

This oil price decline is just temporary with the virus. So no need to reduce local oil price levels. People can't take those sudden highs and lows. Better to stick at current prices.
You are showing your real character.....You are 100% suitable for Rajapaksa gang..

34World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Mon Mar 09, 2020 6:27 pm

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Yahapalanaya wrote:You are showing your real character.....You are 100% suitable for Rajapaksa gang..

Bro it is not like that. Okay guess how much time this corona case will last? 2 months? After people control the virus, all will be back again. Oil prices will increase. So if government will reduce the prices right now, 80% of the people will think they are targeting election and reducing the prices but 20% knows the truth.

So if covid 19 will be controlled oil prices will rise again, all will be normal again. So we will have to increase oil prices according to the world market price. But what happens then? 80% will think they targeted election and now they increasing oil prices again after the election.Guess how much of srilankan voters know oil prices decline. So after that they will feel like they were cheated. However they will understand the truth eventually. But that temporary mess with minds of people isn't needed now. Still 20% knows the truth.

Government can go for both choices.
 1.Reduce oil prices with the current world market prices.
 2.Maintain the current price.

We know that price decline is just temporary and won't last long. So if they reduce, also they will have to increase within 3-4 months. That just make people messed. No need that kinda mess. Even current oil prices are not too high. (feels high with the world market price decline) Those issues will be recovered. So better to maintain at current prices. Also all things are not liquid enough to change according to the government oil price changes.

Example :- T wheel hire fees will be increased even more than it may when oil prices increasing but not decreasing fees according to the oil price declines. Even that issue will be faced by ordinary people.

So my take is this temporary oil high and low game won't work cool for the country. Better to maintain current price. But maybe i have missed some points. Correct me if so.

35World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Mon Mar 09, 2020 8:13 pm

Kipling


Expert
Expert

Kavindu 
Please check pm.

36World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Mon Mar 09, 2020 9:02 pm

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Kipling wrote:Kavindu 
Please check pm.
Done.

37World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Tue Mar 10, 2020 8:25 am

Soilconomy


Senior Equity Analytic
Senior Equity Analytic

LLUB will be benefited a lot...

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator

Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources said on Friday.


The sources, from oil majors and refiners which process crude in Europe, said Saudi state oil company Aramco <2222.SE> told them it would supply all requested additional volumes in April.


Sources previously told Reuters Saudi Arabia is also seeking to replace Russian oil with Chinese and Indian buyers, although not all refiners received volumes they had asked for.


Tanker rates soared as Saudi Arabia provisionally chartered around 31 supertankers to take extra oil, including to the United States, where Russian oil is usually less in demand.


Oil prices have halved since the start of the year because demand has been hit by the coronavirus outbreak and after Russia and OPEC failed to reach a new deal on supply cuts.


Moscow refused to support new deeper cuts, saying the impact from the virus could be much worse than thought, and Riyadh retaliated by opening its taps and pledging to pump record volumes on to the market.
Russia has so far said it is not planning to come back to the negotiating table despite feeling the pressure from the extraordinary Saudi moves.


Energy Minister Alexander Novak said on Friday Russia saw no grounds so far for returning to discussions with its OPEC+ partners and can increase its oil production by a modest 200,000 barrels per day in April.


By contrast, Saudi Arabia has pledged to raise output by 2.6 million bpd in April, including from stocks. Fellow Gulf producers like the United Arab Emirates has had to join in the battle for market share and has also announced production increases.


Saudi Arabia has made a deep cut to its official selling prices for oil. Arab Light and Arab Medium barrels were offered at selling price of $25-28 per barrel on CIF Rotterdam basis, traders said.


On Friday, Abu Dhabi National Oil Company (ADNOC) also offered steep discounts for its Murban crude for April, announcing forward prices for the first time in its history. It previously set prices retroactively.


Russia's main blend Urals has been offered slightly higher than $30 per barrel on CIF Rotterdam basis, according to Refinitiv Eikon data.


"We are happy with our allocation. The requests for April were confirmed. I look forward to May if prices remain that attractive", a trader with a European oil company involved in the talks told Reuters.
European oil refiners including Total , BP , Eni and SOCAR have all had allocations for additional Saudi crude oil supplies in April confirmed, the sources said.


Saudi Aramco declined to comment. Total, BP, Eni and SOCAR did not immediately respond to Reuters requests for comment.
On Thursday, sources told Reuters Saudi Arabia started focusing on boosting supplies to traditional buyers of Urals as it is trying to replace Russian oil in refiners' feedstock around the world, from Europe to India.
Brent crude prices were on track for their biggest weekly fall since the 2008 financial crisis on Friday as investors fretted over the impact of the virus on demand and the Russian-Saudi price war.
Source-Reuters / Yahoo

39World Crude Oil prices - Page 2 Empty oil barrel for $2 Tue Apr 21, 2020 12:25 pm

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics

https://www.newsfirst.lk/2020/04/21/crashed-global-oil-markets-rebound-in-early-trade-still-trading-less-than-2-per-barrel/

US oil prices fell below zero for the first time in history yesterday, as the evaporation of demand caused by the coronavirus pandemic has paved the way for a shortage in storage capacity — meaning producers are paying buyers to take it off their hands.

West Texas Intermediate futures, which have been the benchmark for the oil industry for decades, had slumped from $17.85 a barrel to minus $37.63 by the end of yesterday.

Though Prices rebounded back above zero this morning, oil was still trading at just $1.38 a barrel at 12:21 p.m. Singapore time.

Global oil markets have fallen to its lowest in more than two decades, as global oil producers have come under intense pressure due to the coronavirus pandemic with a huge slump in demand and concerns that storage facilities will run out of capacity.

The OPEC projects the demand for crude oil to be the lowest since 1989 and the IEA has projected a 9 million barrel per day drop year on year in 2020, but talks among the oil-producing countries to cut the production have not been successful.

Recently, Saudi Arabia’s crude supply had risen to a record of more than 12 million barrels per day while U.S. crude inventories also soared by a record 15.2 million barrels, in early April.

The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a tenth, putting an end to the devastating price war between Saudi Arabia and Russia.

40World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Tue Apr 21, 2020 12:50 pm

samaritan


Moderator
Moderator

So, Mineral water overtook oil price.World Crude Oil prices - Page 2 Icon_biggrin

Likewise if demand for gold shrinks what will happen?????????????

41World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Tue Apr 21, 2020 4:11 pm

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Oil Consumption in Sri Lanka 

See also: List of countries by Oil Consumption 

  • Sri Lanka consumes 127,000 barrels per day (B/d) of oil as of the year 2016.
  • Sri Lanka ranks 73rd in the world for oil consumption, accounting for about 0.1% of the world's total consumption of 97,103,871 barrels per day. 
  • Sri Lanka consumes 0.25 gallons of oil per capita every day (based on the 2016 population of 21,021,171 people), or 93 gallons per capita per year (2 barrels). [1 barrel = 42 US Gallons]

42World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Tue Apr 21, 2020 8:33 pm

Soilconomy


Senior Equity Analytic
Senior Equity Analytic

LLUB 

අපි හැමෝම දන්න දෙයක් තමයි මේ දිනවල එක්සත් ජනපද WTI බොරතෙල් මිල සහ ලෝක බ්‍රෙන්ට් බොරතෙල් මිල ඉතා පහළ තත්වයක තියෙන බව.
ඉතින් මෙවැනි අවස්තාවක් CHEVRON LUBRICANTS එහෙම නැත්නම් LANKA LUBRICANTS වගේ ආයතනයකට ගොඩක් වාසි ගෙනදෙනව.
හේතුවනම් දැනට ඔවුන්ට ලිහිසි තෙල් නිපදවීමට අවශ්‍ය බේසල් තෙල් මේ බොරතෙල් මගින් ලබා ගැනීමත්, ලෝක වෙළදපලින් බොරතෙල් පෙරට වඩා මිල අඩුවට මිලට ගත්තත් අප රට තුල ලිහිසි තෙල් මිල අඩුකර නොමැති බවත් නිසාවේ.
ඉතින් මෙවැනි අවස්තාවක එම ආයතනයේ දැනට ඇති තොග ගබඩා අවසන් වූ අවස්තාවක අලුත් ගබඩා මිලට ගෙන නිපදවන ලිහිසි තෙල් වෙළදපල විකිණීමෙන් විශාල ලාභයක් එම ආයතනය වෙත ළගාවේ.
එම ලාභය ඔවුන්ගේ මූල්‍ය වාර්තාවල පෙන්වීමට යම්කිසි කාලයක් ගතවේ.(තොග අවසන් වූ පසු)
මෙවැනි කොටසක් හරි අවස්තාවේ(ගැනුම් සක්‍රීය වූ විට) මිලට ගත්තොත් අපිට ලාභ ලැබිය හැකියි.

World Crude Oil prices - Page 2 Cal10
World Crude Oil prices - Page 2 Chev10

43World Crude Oil prices - Page 2 Empty Why WTI Crude Oil traded at minus -$37 Thu Apr 23, 2020 11:26 am

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Why WTI Crude Oil traded at minus -$37

Imagine the following...you pay $500 today and commit to receiving an escort at your house in 15 days. Cos your wife is traveling. This is called a futures contract. 

Unfortunately, lockdown came and your wife will be home for the next 60 days. 

You do not want this woman to show up at your house at all and try to pass this futures contract to someone else. 

Only you cannot sell this commitment because nobody can receive the escort at home anymore. Everyone is in full storage (their balls) with wife. 

To make matters worse, not even the pimp (Chicago Mercantile exchange) has more room to receive girls because his house is crowded with girls.

So you will pay anyone just to take the girl off your hands. 

Do you now understand why oil has a negative price when the contract is delivered?

44World Crude Oil prices - Page 2 Empty Re: World Crude Oil prices Sun Feb 06, 2022 2:46 am

target1


Manager - Equity Analytics
Manager - Equity Analytics

Why oil up in spite of having Omicron? From $0 to 90.

Crude Oil Continuous Contract $91.93
Brent Crude Oil Continuous Contract $92.52

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