Category: Oil Price Related
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Oil price demand? The World. Oil supply? 2 big sides. (not just OPEC by the way)
Frankly, I have not been following the petrol price for a long time. However, I do know that it’s now higher than the times when it was below RM2. We can choose to wait for the petrol price announcement or we could also read a bit about how the oil market is really moving currently.…
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When oil price is moving up… again.
I believe some of us may have read that the oil price is moving up… again. Any news at all, if it’s a little negative about the oil supply will boost that price a little higher. Never mind that the sales of electric cars was a record high in 2020 despite COVID-19. Yeah, cars do…
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The largest oil producer in the world? Nope, not that country you may be thinking.
Do you hate it when you have to pay ever higher for petrol? I hate it too. Especially when pumping full tank meant up to RM90 depending on your car. Now, do you also hate it when the petrol price is down so much and yet you do not have the opportunity to pump petrol?…
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They say, this is also because of COVID-19
I have not pumped fuel from before the Movement Control Order (MCO) until today. I have driven one car out for grocery shopping a few times and the only thing I needed to pump was air… Needed to ensure the tyres are inflated properly. So, I have not enjoyed the low fuel prices which has…
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Watch the oil price, it definitely concerns us too.
The topic of petrol price is always a popular one. For the past one week, the discussion has been mostly centred on who will get the subsidy and who would not based on Budget 2019 announcement. My personal take is to make things simple. Here’s that earlier article Well, do we know what’s happening in the…
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World oil prices. Would we pay lower or higher?
There used to be long queues right after official announcements of new petrol prices. These days, with the weekly adjustments, the number of vehicles queuing up to pump full tank or even top up their tank has lessened tremendously. I have queued just once, when a petrol station was right in front of me and…
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Cuts will continue. So, prices should stay strong or stronger?
When the leader for oil production says that it will maintain the cut for oil production and they will continue this until Q1 2018, this means they are serious in ensuring prices remain strong. Less oil, less supply and this meant that should demand stays the same, the prices would remain strong or stronger. Here’s…
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When petrol prices do not go up, will we own a property faster? (Hmm…..)
The world oil price is always a cause for instability. It’s not good when it’s extremely high and it’s not really that awesome for many oil producing countries when it goes too low. Despite the fact that demand for oil CANNOT suddenly go up or go down within days, the oil price can still fluctuate…
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Jobs in oil and gas? Lost and never coming back?
Remember many months ago, some banks internal memo was leaked out on loans to people from the oil and gas industry? Well, before the downturn in oil prices, these oil and gas people were the ones being paid so high they could buy any of the usual luxury condos in KL. I read a long…
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Oil prices remain low, Shell retrenching another 2,200
I was having a farewell lunch with a colleague recently when I learnt that his friend who used to work in an oil giant was retrenched many months back and has not yet found a job. He was earning far too high previously and new companies either could not pay or worried that he would…
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Oil and gas, hard time continuing
It was on the main page of a newspaper I saw yesterday. Petronas will cut RM50 billion spending over the next 4 years. Of course the most should come sooner because the spending may be increased again when the oil and gas prices recover, if they recover. Today, in Facebook, someone shared news about Schlumberger…
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Falling oil price and actions of Warren Buffett
Should we still buy shares today? One latest prediction for oil price is that it may reach as low as US$10 per barrel. It is still falling. The stock markets have been falling and the S&P 500 is at its lowest point since 2004! Yes, this is already lower than even the mortgage crisis in…