Crude oil jumps 20%

[Willie adie]

And the price of fuel dropped a few days ago because the oil price had dropped. Well it ages ago. Yet only now goes down.
And what's the bet it rises immediately

 

[Johnnyboxer]

I ordered some house oil at midday,and the price had not altered yet,but i cant get anywhere near 47.9.Who do you buy from?

Kettlewells at Ripon

Northern Energy at Harrogate were 48.25 ppl

Net of the 5% Vat, of course

Must be a Yorkshire thing [emoji854][emoji56][emoji6]

 

[puppet]

Just for once in my life I might have done the right thing. Purely by chance I ordered 1000l red and 1000l kerosene last Friday, just before all the hoo ha ha.

Actually on reflection it was probably my massive order that had already sent economic shock waves through the Middle East over the weekend, and triggering a surge in prices even before anyone thought of attacking Saudi oilfields.

Have you ANY remorse for what you have done. Your actions could have far-reaching consequences by de-stabilising the markets

 

[Brisel]

Have you ANY remorse for what you have done. Your actions could have far-reaching consequences by de-stabilising the markets

You weren't a headmaster in a previous life, were you? "You've let your self down, you've let the team down..." etc etc

 

[Bogweevil]

OSR will rise in price with luck - bio diesel anyone?

 

[Deutzdx3]

Up 3p for red but not moving from that.

What’s red at currently? Kero at 45p with oil club. Unfortunately they don’t offer diesel.

 

[Pheasant Surprise]

What’s red at currently? Kero at 45p with oil club. Unfortunately they don’t offer diesel.

Details in the fuel tracker thread. In the panic buying its edged up around 5p over so over last weeks prices so far.

 

[Red Fred]

You weren't a headmaster in a previous life, were you? "You've let your self down, you've let the team down..." etc etc

On a lighter note, my sister was just telling me a joke about a family of inflatable dolls, where the naughty lad is hauled in by his father to face "You've let me down, you've let your mother down, and now you've let your whole family down..."

 

[thesilentone]

Well it appears the Supermarkets also control the Pump prices. When challenged on the BBC news this morning about pump prices rising quickly but dropping slowly and why, the owner stated they waited for the competition to drop then followed suit, usually the supermarkets were first. So, if you don't have a Supermarket in the area, tough !

Don't panic, in the 80's the price of oil topped 110 dollars a barrel.......... it's currently 62.

I don't get this, around a year ago crude was about 75 dollars a barrel, anyone remember ?????????

 

[oilymuck]

What’s red at currently? Kero at 45p with oil club. Unfortunately they don’t offer diesel.

Typically 10-11p more than kero

 

[oil barron]

Pretty impressive work from the drones just blasting a hole in each one of the vessels. This is the future of warfare.

 

[steveR]

A modern warship can control a lot more ocean than any WW2 vessel. You can be sure there are satellites and maritime patrol aircraft buzzing all over the shop right now.

If Iran was behind this attack god help them. The Saudis have a lot of western military technology and I wouldnt put it past Trump to hit their oil infrastructure either. He is plenty nuts enough. Probably destroy their nuclear facilities whilst he is at it.

More like the Israelis... again.

 

[le bon paysan]

Well it appears the Supermarkets also control the Pump prices. When challenged on the BBC news this morning about pump prices rising quickly but dropping slowly and why, the owner stated they waited for the competition to drop then followed suit, usually the supermarkets were first. So, if you don't have a Supermarket in the area, tough !

Don't panic, in the 80's the price of oil topped 110 dollars a barrel.......... it's currently 62.

I don't get this, around a year ago crude was about 75 dollars a barrel, anyone remember ?????????

It was a lot more than that around 2008! Did it not hit $160?

 

[bobk]

It was a lot more than that around 2008! Did it not hit $160?

And the price crashed cos no one bought any

 

[le bon paysan]

And the price crashed cos no one bought any

Couldn't afford any, more like!
I heard / read that the affordable price of oil is $75 a barrel, so that's where "they" will try to keep it.

 

[Chae1]

And the price crashed cos no one bought any

How did they manage that?

Stay at home and light the fire, use a horse instead of a tractor?

 

[bobk]

How did they manage that?

Stay at home and light the fire, use a horse instead of a tractor?

Yep

 

[flowerpot]

We ordered a tank full this morning and it has gone up about 5p since the last time so not too terrifying. Talking about it last week but hadn't done it, typical.

 

[ollie989898]

It was a lot more than that around 2008! Did it not hit $160?

Yes and then promptly dropped to about $34.

 

[oil barron]

And the price crashed cos no one bought any

There was also the small matter of the worldwide financial crisis, the realization that the banks were a house of cards and they were playing roulette with sh1tty mortgages on inflated house prices that no one could afford and the complete lack of available credit for about 6 Months. It jumped straight back up to 100-110 from 2009 through to 2014 until the shale industry kicked in and flooded supply.