• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Oil price-watch

20120724-CL.gif
 
thanks for the chart, do you trade oil futures?

btw, oil prices in states are decided by the gas stations but how does it work in s'pore? do we have a governing policy that decide how soon adjustment and how much gas prices should be? i presume that it's the provider like shell and esso that decide how much pump should be since most gas stations are controlled by them. esso and ntuc seems to be good partners since they also setup grocery stores within esso. does ntuc has a share from the gas sale as well since it understandable a GLC and money are collected thru the ntuc cashiers?

 
Oil price will start to rise once Malaga, PSG and City goes shopping....
 
thinkorsink said:
thanks for the chart, do you trade oil futures?

btw, oil prices in states are decided by the gas stations but how does it work in s'pore? do we have a governing policy that decide how soon adjustment and how much gas prices should be? i presume that it's the provider like shell and esso that decide how much pump should be since most gas stations are controlled by them. esso and ntuc seems to be good partners since they also setup grocery stores within esso. does ntuc has a share from the gas sale as well since it understandable a GLC and money are collected thru the ntuc cashiers?
Click to expand...

Oil futures is one of the indicators that I watch, other than /DX, /ZB, /ES and VIX.

I don't have much faith in our petrol prices, the spread is most likely like money exchanges where the buy and sell is rather wide.
 
Last edited:
wrcboi said:
Oil price will start to rise once Malaga, PSG and City goes shopping....
Click to expand...

i don't think so, oil prices are speculative, there is nothing like demand and supply to decide prices.

sense said:
Oil futures is one of the indicators that I watch, other than /DX, /ZB, /ES and VIX.

mind i ask what are these? /DX, /ZB, /ES and VIX.

I don't have much faith in our petrol prices, the spread is most likely like money exchanges where the buy and sell is rather wide.
Click to expand...

know of any policy, who called the shots? just last friday, news came out that oil prices dip but on the very day, gas in s'pore went up by 4 cents... why like that?:confused:
 
Last edited:
thinkorsink said:
know of any policy, who called the shots? just last friday, news came out that oil prices dip but on the very day, gas in s'pore went up by 4 cents... why like that?:confused:
Click to expand...

Local petrol prices is based on a mid-term (weeks) moving average of the crude prices, rather than short-term (days).

Anyway, the mid-term up trend from end June close is not positive for our petrol prices.

Not sure why your reputation point is dipping... have +2 for you, hope that helps.
 
Last edited:
Anybody trade Simsci here or any product from local SMX?
 
Last edited:
You must log in or register to reply here.

Similar threads

k1976
Singapore’s Oil Party Spoiled by Falling Prices and China Gloom
Replies
13
Views
445
Hypocrite-The
Hypocrite-The
k1976
Boss John, your boss need u again to lead your Bengali to clean oil spill again
Replies
0
Views
193
k1976
k1976
firehyrant
Private home prices jumped 2.3 per cent in Q4 2024 on November’s new sales surge
Replies
0
Views
113
firehyrant
firehyrant
glockman
Former Russian oil executive found dead after ‘fall’
Replies
2
Views
279
JurongEast
JurongEast
firehyrant
Trans fat is double trouble for heart health
Replies
1
Views
277
firehyrant
firehyrant
Back
Top