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Oil Prices Slump to 11-Year Lows in Asia and Europe
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Topic: Oil Prices Slump to 11-Year Lows in Asia and Europe (Read 4355 times)
mikewillda
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
February 17, 2016, 08:47:52 AM
#81
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Never invest more than you can
afford
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bitcoinboy12
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
February 17, 2016, 09:09:49 AM
#82
Quote from: mikewillda on February 17, 2016, 08:47:52 AM
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Bummer, I'm hoping for a downward trend as a consumer. But I guess major decline in price have some major effect in the industry so anything that is too much is bad and it applies here as well.
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
February 17, 2016, 10:00:00 AM
#83
Quote from: bitcoinboy12 on February 17, 2016, 09:09:49 AM
Quote from: mikewillda on February 17, 2016, 08:47:52 AM
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Bummer, I'm hoping for a downward trend as a consumer. But I guess major decline in price have some major effect in the industry so anything that is too much is bad and it applies here as well.
Bah it won't be so low for long. You can't do anything against that, it's a supply demand market with limited supply and growing demand.
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romero121
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
February 18, 2016, 05:27:41 AM
#84
Quote from: valta4065 on February 17, 2016, 10:00:00 AM
Quote from: bitcoinboy12 on February 17, 2016, 09:09:49 AM
Quote from: mikewillda on February 17, 2016, 08:47:52 AM
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Bummer, I'm hoping for a downward trend as a consumer. But I guess major decline in price have some major effect in the industry so anything that is too much is bad and it applies here as well.
Bah it won't be so low for long. You can't do anything against that, it's a supply demand market with limited supply and growing demand.
No this time the situation is not as previous, in which there will be a price rise after reduction. Now the market has surplus availability than demand which will continue which makes price low for long run.
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mikewillda
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
February 18, 2016, 12:06:40 PM
#85
Quote from: bitcoinboy12 on February 17, 2016, 09:09:49 AM
Quote from: mikewillda on February 17, 2016, 08:47:52 AM
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Bummer, I'm hoping for a downward trend as a consumer. But I guess major decline in price have some major effect in the industry so anything that is too much is bad and it applies here as well.
If the output is kept at present levels, the oil supply will still exceed the demand. The price will continue to go down.
Never invest more than you can
afford
to loose.
nichu
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Merit: 100
Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
February 18, 2016, 05:04:04 PM
#86
Quote from: mikewillda on February 18, 2016, 12:06:40 PM
Quote from: bitcoinboy12 on February 17, 2016, 09:09:49 AM
Quote from: mikewillda on February 17, 2016, 08:47:52 AM
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Bummer, I'm hoping for a downward trend as a consumer. But I guess major decline in price have some major effect in the industry so anything that is too much is bad and it applies here as well.
If the output is kept at present levels, the oil supply will still exceed the demand. The price will continue to go down.
they are planning to stock the oil to sell when the price rises,they have already had contracts with india to store oil
mikewillda
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
February 20, 2016, 10:09:56 PM
#87
Quote from: nichu on February 18, 2016, 05:04:04 PM
Quote from: mikewillda on February 18, 2016, 12:06:40 PM
Quote from: bitcoinboy12 on February 17, 2016, 09:09:49 AM
Quote from: mikewillda on February 17, 2016, 08:47:52 AM
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Bummer, I'm hoping for a downward trend as a consumer. But I guess major decline in price have some major effect in the industry so anything that is too much is bad and it applies here as well.
If the output is kept at present levels, the oil supply will still exceed the demand. The price will continue to go down.
they are planning to stock the oil to sell when the price rises,they have already had contracts with india to store oil
There is almost to storage capacity now. The oil tanks are full of oils now. So the oil has to be dumped to the market.
Never invest more than you can
afford
to loose.
botany
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
March 08, 2016, 02:09:29 PM
#88
Quote from: nichu on February 18, 2016, 05:04:04 PM
Quote from: mikewillda on February 18, 2016, 12:06:40 PM
Quote from: bitcoinboy12 on February 17, 2016, 09:09:49 AM
Quote from: mikewillda on February 17, 2016, 08:47:52 AM
Four oil producing nations including Saudi Arab, Russia agreed to maintain the current production levels. The price will not drop soon.
Bummer, I'm hoping for a downward trend as a consumer. But I guess major decline in price have some major effect in the industry so anything that is too much is bad and it applies here as well.
If the output is kept at present levels, the oil supply will still exceed the demand. The price will continue to go down.
they are planning to stock the oil to sell when the price rises,they have already had contracts with india to store oil
There is a storage cost as well as opportunity cost associated with stocking oil. It might be cheaper to not produce (i.e. do not extract - store crude in oil wells). So it might make sense to sell now, even if the price of oil is expected to increase.
coinzat
Sr. Member
Offline
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Young but I'm not that bold
Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
March 08, 2016, 11:13:47 PM
#89
the problem of oil price is there are some countries which their economy is depending completely on selling their oil. and even when prices continues falling, they will not stop producing and the market will not rise again. it is time to make more researches on the renewal power as oil mining may cost more than its value in the next few years
HeroCat
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
March 09, 2016, 04:01:24 PM
#90
It means that there are some oil traders, which trade a lot of oil in the market.
viavalenttt
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Re: Oil Prices Slump to 11-Year Lows in Asia and Europe
November 27, 2017, 03:16:22 PM
#91
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
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