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Oil prices.. how low can it go?
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Swenani
#21 Posted : Tuesday, January 19, 2016 12:56:38 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
kawi254 wrote:
South Sudan pays to Khartoum 24.5 U.S Dollars per barrel and oil price at USD 30 they are selling at a loss. Khartoum has refused to reduce charges and now South Sudan threatening to shutdown oil fields.

Things are thick!!



waaah

SSD govt receives US $5 per barrel yet Sudan pockets US$24 per barrel
If Obiero did it, Who Am I?
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enyands
#22 Posted : Tuesday, January 19, 2016 1:03:35 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Swenani wrote:
kawi254 wrote:
South Sudan pays to Khartoum 24.5 U.S Dollars per barrel and oil price at USD 30 they are selling at a loss. Khartoum has refused to reduce charges and now South Sudan threatening to shutdown oil fields.

Things are thick!!



waaah

SSD govt receives US $5 per barrel yet Sudan pockets US$24 per barrel




That country isn't independent .it's still a colony of sudan .they should have tabled that during referendum to free themselves from Sudan .
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whiteowl
#23 Posted : Wednesday, January 20, 2016 11:08:08 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Kusadikika wrote:
Won't stay low for too long. Only Saudi Arabia and Kuwait can produce a barrel for less than $10. Another low cost producer is Iraq at $10.70. All other producers need higher prices to survive:

USA-36$
Canada-41$
Brazil-49$
UK-52$

And even the low cost producers need higher prices to fund their budgets. Saudi Arabia, Oman and Bahrain would run out of money in 5 years if prices remain under 50$. I would give it a year at most before prices are back up, at least above 55$.


The market respects no one.You can control the market for a long time like OPEC has been doing but eventually the market forces will carry the day.Its like somebody saying he bought britam shares at 35/= a year ago and if the share price doesn't go back to 35 he will be broke soon.This oil bear is a golden handcuffs situation on an international scale.
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Aguytrying
#24 Posted : Wednesday, January 20, 2016 11:26:34 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
To answer the question. Even if oil traded at $0 per barrel, we would pay KES 50.00 per litre of petrol.
The KES 50.00 is made of of fixed costs which include government taxes, margins for oil marketing companies and distribution costs.

Im paraphrasing the ERC chair quoted in the standard yesterday.

Short answer. 50.00 For petrol
The investor's chief problem - and even his worst enemy - is likely to be himself
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shocks
#25 Posted : Wednesday, January 20, 2016 12:12:22 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
enyands wrote:
Swenani wrote:
kawi254 wrote:
South Sudan pays to Khartoum 24.5 U.S Dollars per barrel and oil price at USD 30 they are selling at a loss. Khartoum has refused to reduce charges and now South Sudan threatening to shutdown oil fields.

Things are thick!!



waaah

SSD govt receives US $5 per barrel yet Sudan pockets US$24 per barrel




That country isn't independent .it's still a colony of sudan .they should have tabled that during referendum to free themselves from Sudan .


Its not about being a colony, they don't have another pipeline option and I doubt Sudan will allow any body else to build a competitor pipeline. Its cheaper for Sudan to earn US $24 a barrel for 400,000 barrels a day and pay a local rebel than lose it entirely
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maina20
#26 Posted : Wednesday, January 20, 2016 2:39:15 PM
Rank: Member

Joined: 7/21/2010
Posts: 249
Location: nairobi
shocks wrote:
enyands wrote:
Swenani wrote:
kawi254 wrote:
South Sudan pays to Khartoum 24.5 U.S Dollars per barrel and oil price at USD 30 they are selling at a loss. Khartoum has refused to reduce charges and now South Sudan threatening to shutdown oil fields.

Things are thick!!



waaah

SSD govt receives US $5 per barrel yet Sudan pockets US$24 per barrel




That country isn't independent .it's still a colony of sudan .they should have tabled that during referendum to free themselves from Sudan .


Its not about being a colony, they don't have another pipeline option and I doubt Sudan will allow any body else to build a competitor pipeline. Its cheaper for Sudan to earn US $24 a barrel for 400,000 barrels a day and pay a local rebel than lose it entirely

I believe Southern Sudan needs The Lamu Port Southern Sudan-Ethiopia Transport (LAPSSET) Corridor project to avoid the Sudan route.. the project will open up and spur economic growth for the region...@ dreams are valid!!
..desire to succeed is always fighting with fear of failure..
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VituVingiSana
#27 Posted : Wednesday, January 20, 2016 3:43:25 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
maina20 wrote:
shocks wrote:
enyands wrote:
Swenani wrote:
kawi254 wrote:
South Sudan pays to Khartoum 24.5 U.S Dollars per barrel and oil price at USD 30 they are selling at a loss. Khartoum has refused to reduce charges and now South Sudan threatening to shutdown oil fields.

Things are thick!!



waaah

SSD govt receives US $5 per barrel yet Sudan pockets US$24 per barrel




That country isn't independent .it's still a colony of sudan .they should have tabled that during referendum to free themselves from Sudan .


Its not about being a colony, they don't have another pipeline option and I doubt Sudan will allow any body else to build a competitor pipeline. Its cheaper for Sudan to earn US $24 a barrel for 400,000 barrels a day and pay a local rebel than lose it entirely

I believe Southern Sudan needs The Lamu Port Southern Sudan-Ethiopia Transport (LAPSSET) Corridor project to avoid the Sudan route.. the project will open up and spur economic growth for the region...@ dreams are valid!!

If the SS guys got their shit together, they would stop fighting amongst themselves and fund the pipeline through Kenya from the sale of the oil but they have played into Sudan's hands.

Sudan makes about $1mn/day from SS oil while not having to worry about the politics except funding some faction or the other.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kusadikika
#28 Posted : Wednesday, January 20, 2016 5:11:54 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
whiteowl wrote:
Kusadikika wrote:
Won't stay low for too long. Only Saudi Arabia and Kuwait can produce a barrel for less than $10. Another low cost producer is Iraq at $10.70. All other producers need higher prices to survive:

USA-36$
Canada-41$
Brazil-49$
UK-52$

And even the low cost producers need higher prices to fund their budgets. Saudi Arabia, Oman and Bahrain would run out of money in 5 years if prices remain under 50$. I would give it a year at most before prices are back up, at least above 55$.


The market respects no one.You can control the market for a long time like OPEC has been doing but eventually the market forces will carry the day.Its like somebody saying he bought britam shares at 35/= a year ago and if the share price doesn't go back to 35 he will be broke soon.This oil bear is a golden handcuffs situation on an international scale.


I think the key to watch is the US. Prices will stay low only if the US is satisfied with low prices. When US is dissatisfied with low prices you can bet they will cook up something even if it means declaring Saudi Arabia an axis of evil or suddenly there will be a coup in Angola or Iraq will invade Kuwait....... as in some big s*it will happen that will rock the market and prices will be up again.
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watesh
#29 Posted : Wednesday, January 20, 2016 5:35:16 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Swenani wrote:
kawi254 wrote:
South Sudan pays to Khartoum 24.5 U.S Dollars per barrel and oil price at USD 30 they are selling at a loss. Khartoum has refused to reduce charges and now South Sudan threatening to shutdown oil fields.

Things are thick!!



waaah

SSD govt receives US $5 per barrel yet Sudan pockets US$24 per barrel

Without oil that SS wont have any foreign currency. More currency devaluation coming soon
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muandiwambeu
#30 Posted : Wednesday, January 20, 2016 6:31:44 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
VituVingiSana wrote:
maina20 wrote:
shocks wrote:
enyands wrote:
Swenani wrote:
kawi254 wrote:
South Sudan pays to Khartoum 24.5 U.S Dollars per barrel and oil price at USD 30 they are selling at a loss. Khartoum has refused to reduce charges and now South Sudan threatening to shutdown oil fields.
Simple arithmetic problems or you thought it was

Things are thick!!



waaah

SSD govt receives US $5 per barrel yet Sudan pockets US$24 per barrel




That country isn't independent .it's still a colony of sudan .they should have tabled that during referendum to free themselves from Sudan .


Its not about being a colony, they don't have another pipeline option and I doubt Sudan will allow any body else to build a competitor pipeline. Its cheaper for Sudan to earn US $24 a barrel for 400,000 barrels a day and pay a local rebel than lose it entirely

I believe Southern Sudan needs The Lamu Port Southern Sudan-Ethiopia Transport (LAPSSET) Corridor project to avoid the Sudan route.. the project will open up and spur economic growth for the region...@ dreams are valid!!

If the SS guys got their shit together, they would stop fighting amongst themselves and fund the pipeline through Kenya from the sale of the oil but they have played into Sudan's hands.

Sudan makes about $1mn/day from SS oil while not having to worry about the politics except funding some faction or the other.

Is it simple elementary mathematics challenges or @vvs you could not comprehend the figures in front of your eyes that you had to cook. Yes you are done with cooking, but the f@#kn shit thing is that the figure is approximately 10m$ daily or 3.600bs-$ annually or better said kshs360bn annually. That is equivalent to half of Kenya's commissioner of domestic taxes collections annually if my small brains have not forgotten the figures. Right before you and me, SS working for their better mortals. Unimaginable. Drool
This is crazy. Slavery at its best. Macharia should truly work with Silvia or they gonna sell those nationals to the devil for a song. Yawa @obiero help your brother here. This is shit, no need of owning a oil field or even producing oil, just have a pipeline then sit down and watch your wallet fatten. Sad{|= Sickquot; Sickquot;
,Behold, a sower went forth to sow;....
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