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[3:8] (Mereka berdo'a): "Ya Tuhan kami, janganlah Engkau jadikan hati kami condong kepada kesesatan sesudah Engkau beri petunjuk kepada kami, dan karuniakanlah kepada kami rahmat dari sisi Engkau; karena sesungguhnya Engkau-lah Maha Pemberi (karunia)".

Tuesday, July 29, 2008

Crude Oil Prices Continues to Fall

There has been a reversal trend of the crude oil prices when it started to show a downward trend in the month of July. Crude oil fell to the lowest in 12 weeks as the U.S. dollar strengthened to a one-month high against the euro and on signs gasoline demand may extend declines. As predicted, the demand for gasoline has decline as a result of cost cutting measures as more people are consuming less gasoline and diesel and are adopting an oil saving policy in their everday life. if the trend continues, there is no reason why crude oil prices cannot drop further to a more fundamentals level maybe at around USD80 per barrel.
According to bloomberg.com, crude oil for September delivery fell $2.54, or 2 percent, to $122.19 a barrel at 2:45 p.m. on the New York Mercantile Exchange, the lowest close since May 6. Oil, which surged to a record $147.27 a barrel on July 11, fell as low as $120.42 today.
Hopefully this can be a better sign for the economy. Maybe our Malaysia government can also have some toughts on the current oil prices situation as the oil price drop has been around 10% - 17% and maybe can have some mechanisme in adjusting the petrol and diesel prices.

11 comments:

Hasbullah Pit said...

Dollar naik seketika untuk melegakan semua komoditi,
2,3 bulan lagi dollar jatuh lagi dan minyak dan emas naik lagi,

Anonymous said...

When Crude oil price shows sign of increase, MAS and AirAsia quicky increase their fuel surcharge. These have been so for several times during the past few weeks when COP increased from $125 to $147 per barrel. Now it drops to $122.00 per barrel, why these 2 airlines have no action to reduce their fuel surcharge?

Sigh.

said mirro said...

Bro,
Perhaps they've all forgotten about oil price. The thing is the sign that the econ is taking a plunge is so obvious now. I'm more on hoping the political stability to return. At least for a little housekeeping. Any chance?

Anonymous said...

I have just booked my air ticket from MAS for sector Kuching/KL and guess what I have to pay?

Air fare = RM28.00
Fuel surcharge = RM161.00

It really puzzles me how come the cost of fuel surcharge is about 6 times higher than the actual air fare?

I think it will be more logic if they charge me the other way round.

Wake up...MAS=Mana Ada SISTEM.

MALAYSIA BOLEH!!!

Danielle_Corleone said...

hmm pasaran ada naik turun.

Letting the time pass me by said...

Thanks all for the comments...

hasbullah pit
memang dollar ade naik sikit... hopefully prices can stabilize..

said mirro
Hmm.. let see if Anwar can do something about the politics...

Danielle_Corleone
yes.. that is the open market..

anon-anon
I just wondering, how MAS and Air Asia going to survive when the market get tougher...

cmk said...

Harga minyak dan nilai matauang... semuanya permainan donia fana yang penuh dusta, tipu daya dan pora-pora.

Perchaya-lah, selagi Amerika dan sekutunya maseh menguasai permukaan bumi ini, hidop kita semua maseh belum aman. Karenah dan champor tangan orang puteh itu di dalam hidop kita amat-lah menchurigakan.

Tetapi apa-lah daya, sedangkan negara Arab Saudi yang mana letaknya Ka'abah itupun ta' mampu menchabar orang puteh itu dari segala segi. Apa sangat-lah negara kita yang terchenta ini? Dengan Temasek pon kita malu alah, apa lagi dengan Amerika.

Sekian, terima kaseh.

Princess Liyana said...

btol tu, ada naik turun:)

Letting the time pass me by said...

cmk
Betul... dengan temasik pun dah tak berani nak angkat muka sekarang nie.. sergah sikit aje dah lari lintang pukang...

princess
Marila kita doakan supaya harga minyak terus turun...

Ydiana said...

Am waiting if the government will really reduce the price as they claimed lately.

Letting the time pass me by said...

ydiana
Hari nie (6 Ogos) harga minyak mentah dah jatuh bawah USD120...

Tengokla berapa kerajaan nak turunkan harga minyak....