Archive for the ‘oil and gas’ Category:
Philippines Imposes Price Ceiling on Petroleum Products – supply shortage feared
Philippines Imposes Price Ceiling on Petroleum Products
President Arroyo issued Executive Order 839 that directed oil companies to revert oil pump prices of gasoline, diesel, kerosene and LPG to the Oct 15, 2009 prevailing retail prices in the calamity areas recently devastated with massive flooding, land slides, infrastructure damage to dikes, bridges, roads, houses, commercial establishments, industries and numerous loss of life.
The action was in response to the latest round of oil pump price increase announced by the 3 oil majors and minor players due to changes in MOPS of petroleum products for the periods Oct 5-9 and Oct 12-16. More »
Rule of thumb for calculating oil price adjustments due to movement of exchange rate and price of oil
Rule of thumb for calculating oil price adjustments due to movement of exchange rate and price of oil
Your favorite energy technology and oil pricing expert again took this initiative of estimating the rule of thumb for most of the petroleum products.
These are based on MOPS for products and in the event there are no latest MOPS for a particular product, I used the historical ratio of MOPS to DUBAI in order to forecast MOPS given latest information on DUBAI. This ratio basically tells us the incremental cost to refine the DUBAI crude to finished products. More »
How to predict oil price adjustments from changes in MOPS and FOREX – a simplified formula
How to predict oil price adjustments from changes in MOPS and FOREX – a simplified formula
Yes, your favorite energy technology and pricing expert has simplified the calculation of oil price adjustments given changes in product MOPS and FOREX since not all the minor cost items change.
The duty paid landed cost inclusive of 12% VAT on imported oil, in $/bbl is:
DPLC $/bbl = (CIF + WHARFAGE + BOE FEE + OCEAN LOSS + DOC STAMPS + DEMURRAGE + CUSTOMS DUTY + SPECIFIC TAX) x 1.12
where FOB = MOPS + PREMIUM (where PREMIUM is usually zero) More »
THE CASE AGAINST OIL DEREGULATION : IT PROVOKED HIGHER PRICES – by Mar Tecson
THE CASE AGAINST OIL DEREGULATION:
IT PROVOKED HIGHER PRICES
[Editor's Note: This is the first article on this series that is meant to elicit discussion among our readers on how best we could address the issue of oil pricing under a deregulated environment. Are we better off today with a deregulated oil industry or should we revert back to a regulated oil industry? Has deregulation brought the country benefits or allowed the oil companies to increase their prices beyond what is reasonable? Please feel free to comment and share your views so we could draw up a consensus on a better approach to oil industry regulation. Cheers. Marcial] More »
THE CASE AGAINST OIL DEREGULATION – Mar Tecson’s Comment #5
THE CASE AGAINST OIL DEREGULATION – Mar Tecson’s Comment #5
[This is Mar Tecson's comment to Marcial Ocampo's response/comment #4. The reader may add further his views to widen our pool of ideas. Cheers. Marcial]
From: Marcelo Tecson <martecson@yahoo.com>
Subject: IT DEPENDS ON WHOSE VIEWPOINT… Re: LET US USE BOTH PROFITABLITY MEASUREMENTS… Re: PER LITER MARGIN is Gateway to PERCENT RETURN on CAPITAL… Re: DEREGULATION AFFECTS MARGIN ONLY… Re: THE TEST OF DEREGULATION IS ON PER LITER MARGIN… Fw: Re: For CEBU C… THE CASE AGAINST OIL DEREGULATION/Let’s oil ourselves More »
