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 Post subject: Fuel (again)
PostPosted: Thu May 29, 2008 8:21 am 
Matty_Robsons_chin, What's the pricing as of today?

Any industry inside news on what's being done to drive the price down or are companies like yours taking advantage by adding their own little bit of profit hoping it won't be noticed against the rapid rate of increase across the market (I say the market but i suppose it's mainly affecting our market due to the apathetic nature of the Great British public)?


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 Post subject: Re: Fuel (again)
PostPosted: Thu May 29, 2008 8:26 am 
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Joined: Tue Mar 13, 2007 12:57 pm
Posts: 2155
yloop wrote:
Matty_Robsons_chin, What's the pricing as of today?

Any industry inside news on what's being done to drive the price down or are companies like yours taking advantage by adding their own little bit of profit hoping it won't be noticed against the rapid rate of increase across the market (I say the market but i suppose it's mainly affecting our market due to the apathetic nature of the Great British public)?


The market is on a small decline at the moment, droped 3p within two day, our margins havn't got any bigger. They have actually reduced, we have lowered our magins to make the effect of the massive rises seem less harsh. And. It wouldnt be a succesful business if we didnt make any profit. Thats just business isnt it.

ULSD - 107.75
Gas Oil - 64.95
Kero - 57.60
PU50 - 98.10

(all in Pence per litre)

When I get the 1st PMi i'll post the 'Market Talk' on here for you chum.


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 Post subject: Re: Fuel (again)
PostPosted: Thu May 29, 2008 8:38 am 
So what do you make on Mr Brown's "Action" then?


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 Post subject: Re: Fuel (again)
PostPosted: Thu May 29, 2008 8:48 am 
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Posts: 2155
None whatsoever. He is a complete tool and likes to think he has power over the country when infact, he doesnt! He is a small man when it comes to Oil, 70,000 extra barrels he is raving about is NOT going to make a difference at all. you know that saying 'A drop in the Ocean'?? well 70,000 compared to 93.7million barrels is exactly that!

Publicity stunt to make the 'easily led' britains think he is doing something to help, but instead when he leaves the meeting room all the Oil industry bosses roll about laughing their socks off at the fat git!

ITS NOT A NATIONAL PROBLEM!!!!!!!!!!!!!!!!!!!!!!!
ITS ALL OF THE OPEC'S PROBLEMS!!!!!!!!!!!!!!!!!!!!!!!


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 Post subject: Re: Fuel (again)
PostPosted: Thu May 29, 2008 1:50 pm 
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Market Talk

The market slightly changed Thursday ahead of a report expected to show U.S. inventories of crude and petroleum products grew last week.

Oil is being buffeted about by threats against Nigerian oil facilities, worries about falling gasoline demand in the U.S. and volatility in the dollar.

The reversal from the floor session's close came with a renewed strengthening of the dollar and ahead of the U.S. Energy Department's inventory report, to be released later Thursday.

In the last couple of days, the dollar has rebounded against both the euro and yen, receiving some support Wednesday as the U.S. Commerce Department said orders to American factories for big-ticket manufactured goods fell by a smaller-than-expected amount in April.

When the dollar declines, investors tend to buy commodities such as oil as a hedge against inflation. But a stronger dollar makes oil more expensive to investors dealing in other currencies, and the tendency usually reverses.

Analysts indicated that U.S. crude oil stocks were expected to have grown 750,000 barrels in the week ended May 23.

Analysts were expecting a build in U.S. gasoline stock of 400,000 barrels, and a build in distillate stocks, which include heating oil and diesel fuel, of 800,000 barrels.

Prices were still being supported, though, by further threats against Nigerian oil facilities. Those threats led investors in the U.S. to at least temporarily set aside concerns about falling gasoline demand.

On Wednesday, the Nigerian rebel group The Movement for the Emancipation of the Niger Delta threatened new attacks on oil installations to mark the one-year anniversary of President Umaru Yar'Adua's inauguration. A weekend attack by the group on an oil facility cut about 130,000 barrels of the nation's oil production, according to Addison Armstrong, director of market research at Tradition Energy in Stamford, Connecticut, in a research note.

News of disruptions in Nigeria, one of Africa's largest producers and a major U.S. supplier, have helped push oil prices higher over the past year.

Demand for gasoline fell 5.5 percent last week compared to the same week last year, according to the weekly survey. The survey also found that, on average, demand over the past four weeks is off 6.3 percent compared to the same period last year.

A separate survey of about 1,000 people found that more than half have cut back on their driving due to high fuel prices


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 Post subject: Re: Fuel (again)
PostPosted: Thu May 29, 2008 5:27 pm 
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Joined: Mon Sep 24, 2007 4:27 pm
Posts: 2175
Location: Frodsham where ladies have plums in their mouth
Impressive..y'just never know whats going to turn up on the bunker.

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