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Found 27 results

  1. Saudi Arabia sells oil at US$6-US$8 discount a barrel to undercut everyone else when prices already falling source: https://mothership.sg/2020/03/saudi-arabia-oil-price-crash/ Saudi Arabia announced a stunning discount in oil prices on Sunday, letting customers in Asia, the United States and Europe snap up supply at US$6 to US$8 discount per barrel. This measure sent oil prices and stock indexes into free-fall, as crude oil traded at US$28 to US$32 per barrel. As recent as 2014, prices went as high as US$115 per barrel. U.S. consumers will get cheaper fuel prices United States consumers are likely to see lower prices at the gas pump. American oil producers, though, could be hurt by the oil price slide, as America leads the world in output. Going against logic Instead of cutting oil production to stem falling prices, Saudi Arabia — the world’s second-largest producer — this weekend said it will actually boost oil production in a dramatic reversal in policy. Days before, Saudi Arabia, the rest of OPEC (Organization of the Petroleum Exporting Countries), and Russia failed to agree on production cuts to combat falling prices stemming from coronavirus epidemic fears that will halt world economic growth. Oil prices had already fallen more than 30 percent in 2020 before Sunday’s further collapse. Saudi strategy to grab market share Saudi Arabia and other OPEC members sought to cut production to shore up oil prices. But the once-powerful cartel can no longer move markets alone without Russia’s participation. Russia, which is not an OPEC member, has recently been coordinating with the organisation. However, Russia did not go with production cuts and the talks ended failed on Friday, March 6. OPEC and its allies announced no new reductions and didn’t even commit to extending current cuts. Saudi Arabia going head-to-head with Russia The logic of cutting oil prices at this stage is due to Saudi Arabia taking on Russia for dominance. If Saudi Arabia cannot move prices upwards, its cutting of prices is to retain market share. In all, Saudi Arabia is cutting the oil price for the U.S. market by S$7 per barrel, to Europe by S$8, and Asia by S$6. Such a strategy is paired with Saudi Arabia’s ability to rapidly increase production and unilaterally cutting crude oil prices for everyone. Low oil prices are bad for Saudi Arabia’s budget though. But because Saudi Arabia’s production costs are the lowest in the world, lower prices can hit other producers harder. Even though Russia is being targeted, American oil and gas producers, including the fracking industry, will also be hurt Despite this unilateral move, Saudi Arabia is not guaranteed to come out on top in a prolonged face-off with Russia. It’s not even clear if there are going to be buyers for that oil. Lower fuel prices can offer some relief to the airline industry, with travel cancellations leading to flight cuts. World markets hit The oil price shocks reverberated throughout financial markets. Dow futures dropped more than 1,000 points. S&P 500 futures hit their limits after tumbling 5 percent. The 10-year Treasury note yield fell below 0.5%, a record low.
  2. Just purchased my mark x not too long ago... was reading online and realise that mark x beside standard oil change need to change rear axle oil... asked ex owner and he say he nv do that before. he also told me that his spark plug not changed since day 1 as can last 100k. Current milage is 115k. No wonder the car is very sluggish... now i thinking he prolly skip many other required maintenance for mark x... Was wondering any fellow X owner here can enlighten me and the estimation for the cost so that wont kana chop carrot. Thanks!
  3. ismailmiller

    Differential Oil

    Hi, Any idea on what is differential oil and how often it should be changed on a Toyota Corolla Altis? I noticed that this is recommended between 40000 - 100000 KM. Is this the same as ATF?
  4. Approaching 60k+ svc soon. Will be trying to get parts myself to save cost Car is 4 yr old 1.6 turbo diesel. Currently using Castrol Edge 5w30 but thinking to change to Shell Helix Ultra 5w40 as offer better protection against high rev/temps esp in hot weather. However not very sure about ACEA grade A5/B5 which is what the Edge is rated at. The SHU is rated at A3B3.. from what i gather it refers to viscosity? Is the SHU compatible with the current engine? From what i gather, ATF wise.. the handbook says it recommends BOT 341 fluid. Not sure what ATF is good.. Using Volvo MPS6. Thanks in advance
  5. DACH

    What happened to Venezuela?

    The Forces That Could Plunge Venezuela Into Chaos https://www.bloomberg.com/news/features/2019-01-31/the-forces-that-could-plunge-venezuela-into-chaos From Juan Guaidó and U.S. sanctions to a starving population and protest, the country is rushing toward a breaking point. Events are moving fast in Venezuela, and not in President Nicolás Maduro’s favor. Scattered protests in Caracas the night of his second inauguration, on Jan. 10, quickly grew into organized demonstrations as thousands heeded opposition leader Juan Guaidó’s call to march against the regime. At press time, Maduro remains in office, but he faces a litany of threats: the economy, which has been devastated by low oil prices; powerful international interests, including the U.S., which condemned his 2018 reelection as illegitimate; Guaidó, head of the National Assembly, who’s claimed the title of interim president until new elections can be called; and the military, whose loyalty Maduro needs above all else to hold on to power. The president made a show of courting the armed forces’ support and has sent security forces into areas of unrest. But every day Guaidó roams freely in Caracas, holding rallies and building a government in waiting, Maduro’s grip on power becomes more tenuous. The Military Guaidó supporters first fanned out to military bases and national guard stations around Caracas in the days after he declared himself president on Jan. 23. They carried copies of a law from the National Assembly granting amnesty to any member of the armed forces who defects to the anti-Maduro cause. So far the top brass has stood behind the commander-in-chief, who long ago secured their loyalty with lucrative prizes: the reins of Petróleos de Venezuela SA (PDVSA), the state-owned oil company; control of the ports; contracts for housing projects; and the rights to valuable mining and oil-services concessions. It would be a surprise if military leaders broke ranks and moved against the authoritarian regime, says historian Tomás Straka of Andres Bello Catholic University in Caracas: “Their economic interests and vision are completely fused with Maduro’s.” Despite the outreach from the Assembly, they’ll be in trouble if he falls. Several high-ranking officers have been sanctioned by the U.S., accused by American prosecutors of graft, drug running, and other crimes. Many in the rank and file also remain behind Maduro, at least publicly. More than a few were photographed burning the amnesty documents. Still, dissent has simmered since before Maduro’s tenure. A military coup deposed his predecessor and mentor, the late Hugo Chávez, for a few days in 2002. The mood among the soldiers has only soured since, as the economy has crumbled, with those down the chain of command struggling along with the rest of the population. They, too, have to deal with desperate shortages of food and medicine, blackouts, and water taps that run dry. There have been reports of desertions. Asked for their reactions to the amnesty offer over the weekend, some men in uniform patrolling the city, rifles slung over their shoulders, gave a wink or a thumbs-up. The World While key allies Russia and China continue to support Maduro, the pro-Guaidó faction swelled in just over a week to more than 20 countries, including Canada, Israel, and the U.K. In Latin America, 11 countries lined up to follow President Trump’s lead in pushing for regime change. Among their motivations: More than 3 million people have fled Venezuela, according to the United Nations High Commissioner for Refugees, mainly to neighboring lands. “This isn’t merely a question of applying democratic principles, this is a question of countries bearing the brunt of the negative consequences,” says Benjamin Gedan, a former South America director at the White House’s National Security Council. Not all in the region are on board. Mexico and Uruguay have called for de-escalation; Bolivia, Cuba, and Nicaragua have reiterated their support for Maduro. The European Union stopped short of giving Guaidó the nod, though it signaled it would do so if Venezuela didn’t schedule “free, transparent, and credible presidential elections” by the beginning of February. Meanwhile, the U.S. has been assisting Guaidó in a kind of smoke-and-mirrors game of brinkmanship, insinuating that it may be building up a military force in Colombia to invade if necessary. Addressing the UN Security Council, U.S. Secretary of State Mike Pompeo was blunt. “Now it is time for every other nation to pick a side,” he said. “Either you stand with the forces of freedom, or you’re in league with Maduro and his mayhem.” The Money The Trump administration dealt its hardest blow yet to Maduro when it put new sanctions on PDVSA. Once Latin America’s largest producer, Venezuela is pumping less than North Dakota does these days, but oil sales remain its main source of revenue. Sanctions will effectively block the national oil company from exporting crude to the U.S. and crimp the regime’s cash flow. Its U.S. subsidiary, Citgo, will be allowed to continue operating, but all revenue will be held in accounts the Maduro regime can’t access. Guaidó has vowed to appoint his own boards to PDVSA and Citgo—a mostly symbolic gesture for now, but one that nevertheless adds to his aura of authority. Pompeo took another step toward starving out Maduro on Jan. 29, granting Guaidó control over Venezuelan assets and property in U.S.-insured banks, including the Federal Reserve Bank of New York. (The State Department has declined to say how much money is in the accounts.) American officials also successfully lobbied the Bank of England to deny Maduro access to $1.2 billion in gold the Venezuelan government holds in London, stymieing its efforts to pull in funds from abroad. Maduro’s government owes Russia and China billions of dollars in loan payments, but that’s unlikely to faze the sitting president. Since the Trump administration began slapping sanctions on Caracas in 2017, the government has defaulted on more than $9 billion in debt owed to bondholders, yet both creditors have been staunch so far in their support. The real problem for Maduro is losing the ability to dole out money. The more of the economy Guaidó gains control over, the harder-pressed Maduro will be to keep key allies on his side. The military, for instance, is unlikely to stick around if he loses the power of the purse. The People Hungry, broke, and exhausted, Venezuelans are angrier than ever with Maduro. And after more than a year of silence in the wake of the mass demonstrations of 2017, Guaidó has reignited their passion for protest. Almost two years ago, millions turned out and encountered tear gas and violence at the hands of security forces. Thousands were arrested during months of demonstrations, and hundreds died. This time the protests have been mostly peaceful. Security officers were out when Guaidó supporters again took to the streets of Caracas on Jan. 30, but they largely kept ranks as protesters marched past. Earlier, Maduro launched a series of nighttime raids in the working-class neighborhoods and slums that were once rock-solid Chavista bastions but have begun to shift away from him. There, under the cover of darkness, members of the deadly Special Action Force used tear gas, guns, and even grenades against demonstrators. “Maduro won’t let go of power easily,” says Jesus Gonzalez, a motorcycle taxi driver in the vast Petare slum. “He doesn’t mind pumping anyone who protests against him full of lead.” Through all of this, Guaidó hasn’t been arrested. Although Maduro has prevented him from leaving the country, he’s so far been free to travel locally, meet with foreign leaders, and speak to the press. Social media blackouts have curtailed his reach at times, while Maduro has been touring the country’s military installations trailed by a TV crew filming generals as they swear their allegiance. At press time, Guaidó was still leading marchers and planning further protests for Feb. 2, when the EU’s deadline runs out. Venezuela is ‘disease threat to America’ as measles and diphtheria cases soar in crisis https://www.express.co.uk/news/world/1081227/venezuela-news-maduro-crisis-president-guaido-measles-diphtheria The South-American country has plunged into economic ruin and political chaos following almost 20 years of price control and stringent policies launched by socialist leader Hugo Chavez. The meltdown has profoundly affected Venezuela’s health system, whose current state has been compared by experts to the ones of war-stricken countries such as Syria and Yemen. Diseases such as measles and diphtheria, which could be contained with widespread vaccinations, have re-emerged in the country, putting its neighbouring countries at risk of contagion as millions flee to Brazil and Colombia for a better life. A paper in the journal Emerging Infectious Diseases said: “The ongoing diphtheria and measles epidemics in Venezuela, and spill over into neighbouring countries, evoke the re-emergence of vaccine-preventable diseases observed in Syria and Yemen and the consequent threat to regional, and potentially global, public health.” Measles, a highly infectious viral illness which can be fatal, and diphtheria were thought to be under control in Venezuela, but its chronic shortage of medicines and vaccines and the general poverty of the country fuelled their return. Moreover, medically trained workers are among the millions who have left the country, according to the paper written by academics led by Alberto Paniz-Mondolfi, a Venezuelan infectious diseases pathologist. He said: “The continued mass exodus of around two million persons from Venezuela since 2014, not only to Colombia, but also to Ecuador, and Brazil, represents an ongoing risk that vaccine-preventable diseases will be carried with them.” Venezuela now contributes to nearly seven out of 10 cases of measles in the Americas, just 11 years after the country believed to have stamped it out. Diphtheria, a potentially deadly disease affecting nose, throat and sometimes skin, was first spotted again after 24 years in 2016.
  6. Lmws214

    Hybrid 0W-20 (Motul)

    sharing this new EO. Looks good! As there are more of hybrid cars now, Motul has this new EO and it is good for hybrid vehicles....will try it and share the feedback when my next oil change is due. cheers! Hybrid 0W-20 100% Synthetic "Fuel economy" engine oil specially designed for Hybrid Electric Vehicles (H.E.V) and Plug-in Hybrid Electric Vehicles (P.H.E.V) fitted with recent gasoline engines, turbocharged or naturally aspirated, direct or indirect injection, designed to use SAE 0W-20 oil with low friction and very low HTHS. Suitable also for battery electric vehicles (B.E.V) fitted with thermal gasoline engine used as Range Extender. Compatible with catalytic converters. http://www.motulconnect.com/sg/?skippromo=1&utm_medium=email&utm_campaign=MotulSG_Product_Launch&utm_content=MotulSG_Product_Launch+CID_3d4247bd17b2f93f15764257d5484a49&utm_source=campaign%20monitor&utm_term=Find%20out%20more#featured-products/passengercar-everyday
  7. Anyone know where got sell Car lube 5w30 engine oil. Few years back selling at NTUC and Giant. Now where got sell? Please advise
  8. Hi all, wondering if anyone here have tried Pennzoil Ultra Platinum Engine Oil pls? cheers
  9. recent oil spill from sunken Iranian tanker Sanchi seems to be getting worse... https://www.channelnewsasia.com/news/asiapacific/oil-slick-off-china-coast-trebles-in-size-official-9883238 https://thinkprogress.org/sanchi-oil-disaster-681fe92acfc6/
  10. I reading MY auto forum, they are already saying tyre prices already dropping. SG one no drop?
  11. My bottle of cooking oil states best before date on 3 Sep 2015. As there is no expiry date, I still continue using as there is still half bottle left. How are the consequences?
  12. How Bardahl Asia Pacific do their customer service My friends are using Bardahl Oil for our engine in the past few years and this year we stopped it. Because two engines have break down with this oil, we took some old oil and new oil to do some test. And the result coming out is not good. SN 5W-40 Old oil (We save some oil before we change the oil) Kinematic Viscosity, mm2/s @ 100C : 13.9 CCS @ -30C, cP : 5390 Pour Point, C : -39 TBN, mg KOH/g : 6.94 Phosphorus content % : 0.073 SN 5W-40 New oil (We bought some new oil from store) Kinematic Viscosity, mm2/s @ 100C : 14.36 CCS @ -30C, cP : 6350 Pour Point, C : -36 TBN, mg KOH/g : 9.31 Phosphorus content % : 0.157 With all the API standard, these two oils are in spec. However, we put 4L new oil into my engine and after running 5000km my engine alarm light is on. I go check with the repair shop about it, there are 2L oil left in the engine and the oil is extremely dark and sticky with mud. Few of my friends have this issue also, two of their engine have break down with this oil. We ask the Bardahl office what happen with their oil and they keep pushing all the response away and sent us different report about their oil don’t have any problems. We know that if there is a problem with a single car, we can let it go and try to fix it. However, there are more cars having these problems in these few months. And the Bardahl office accidentally cc me this email below during the conversation. From: seetho [mailto:seetho@bardahl-ap.com] To: marine yeo Dear Marine, Next time, remember, don’t start the conversation by denying our responsibility out right (and of course can’t admit also) and just push away our responsibility before the actual cause is identified/determined. We have to remain neutral until we know the root cause (which in many cases very difficult to determine). That’s why I said “according to the context”. Tell them that we will test the used oil samples, check our retain sample before we can conclude anything. At the same time, 顺便 tell them other possible causes that may lead to the problem. Thanks, See Tho After received this email, I ask for explanation of their attitude for solving the case and the they just make up a lot of excuses to avoid the oil and the email problems. I just ask all my friends to stop using their oil. This is a very terrible experience for us and for everyone who are using their oil, they sent us a lot of fake report to prove their oil is fine but I don’t believe it. And we are not going to use this oil anymore. Please be careful while choosing your engine oil.
  13. I have sold my Honda. I have 2 bottles of the Honda ATF oil in my storeroom. Will give to anyone willing to come my place to pickup. I stay in Tampines. PM me.
  14. ‘Biggest bribery scandal’: US, UK, Australia launch probe into mass oil industry corruption https://www.rt.com/news/337961-unaoil-corruption-scandal-investigation/ Among the biggest names implicated are Samsung; Hyundai; US weapons corporation Halliburton and its former subsidiary Kellogg, Brown & Root; Texas firm National Oilwell Varco; Singapore conglomerate Keppel; Norway’s Aker Kvaerner; Turkish joint venture GATE; and Italian oil giant Eni.
  15. Anyone know where to get supercharger oil in Singapore ? Its for a friend's Mini Cooper S. Seems real hard to find locally. I ordered some from Amazon but shipment is late and it is needed urgently as the supercharger is off the car and re-assembly can't start. Any help appreciated. Thanks !
  16. Friendstar

    Oil Price and airlines

    Singapore Airlines & SilkAir are raising their fuel surcharges again - to between US$4 and US$38 for return flights. This will take effect for tickets issued on or after Tuesday. The last increase took place on Oct 24. http://www.straitstimes.com/Free/Story/STIStory_181868.html
  17. Bonafidestack

    Anyone tried MPM oil before?

    Hi guys, recently just participated the contest on sgCarMart. The one that have the ipad as the grand prize one. Hope to win something, but in the end no one called yet. So i think i never win lah. Anyway, car is due for servicing and i tot of trying this MPM oil . . . dunno how's the feedback, anyone who won the contest have tried the engine oil? or anyone use this before? I saw there is a very positive review on the 0W-40. Anyone have any take on this engine oil?
  18. Hello MCFs, We are located at 25 Kaki Bukit Road 4, Synergy Building, #01-52 S(417800) Currently, we have a whole range of engine oil for your to choose. All our engine oil are API-SN approved. We choose 5W-40 engine oil to cater to Singapore temperature and fuss free change! Emara Engine Oil Change Starting from $88 onwards. Ultralube Engine Oil Change Starting at $88 onwards. Come down now to find out more!
  19. any idea where can i buy a few bottles of Tutela Technyx Gearbox Oil for servicing?
  20. A driver drove his 3.2-litre Audi TT for more than 130,000 km without any engine oil change. And this is how it looks like after it finally gave up. According to one of the users from the Audi TDI forum, a couple of pictures of the ruined engine were published in a post and the photos has since floated around the net. It is not known why the owner stopped changing the engine oil but it is almost a certain that the engine has to be replaced. For Audi TT owners out there who have the 3.2-litre VR6 engine which outputs around 246bhp, it should pretty comforting to know that your engine can take some real abuse!
  21. SGCMWhiteKnight

    Why hasn't utility prices dropped?

    https://sg.finance.yahoo.com/news/asian-stocks-mostly-upbeat-us-retail-sales-084209687--finance.html Since utility prices are pegged to oil, why hasn't PUB lowered the electricity tariffs?
  22. Ronleech

    Droplet of oil drip

    Discovered last few week. oil drip on exhaust joint. Changed seals of crank, sump and side cover. Still got little trace of drip. Car left 9mths to go. Will it catch fire when i am driving long distance ie to genting/KL? my friend advice is just to keep a liter of EO in the car and is necessary top up. And also when car is parked overnite, when accelerating got a very fine squeeking sound, but after 5 mins of driving it went off totally. Only when accelerating...wat is that? My main concern is will it catch fire...safety come 1st mah.
  23. http://www.bbc.com/news/business-29961566
  24. Whenever I washed my car every few weeks, I observed that the 2 front wheel rims always have oil stains whereas the 2 back rims only have normal dirt. Is it normal or something is leaking somewhere?
  25. Porker

    The Petrostate of America

    “RISE early, work hard, strike oil.” The late oil baron J. Paul Getty’s formula for success is working rather well for America, which may already have surpassed Russia as the world’s largest producer of oil and gas (see article). By 2020 it should have overtaken Saudi Arabia as the largest pumper of oil, the more valuable fuel. By then the “fracking” revolution—a clever way of extracting oil and gas from shale deposits—should have added 2-4% to American GDP and created twice as many jobs than carmaking provides today. All this is a credit to American ingenuity. Commodities have been a mixed blessing for other countries (see our leader on Argentina). But this oil boom is earned: it owes less to geological luck than enterprise, ready finance and dazzling technology. America’s energy firms have invested in new ways of pumping out hydrocarbons that everyone knew were there but could not extract economically. The new oilfields in Texas and North Dakota resemble high-tech factories. “Directional” drills guided by satellite technology bore miles down, turn, bore miles to the side and hit a target no bigger than a truck wheel. Thousands of gallons of water are then injected to open hairline cracks in the rock, and the oil and gas are sucked out. From the point of view of the rest of the world, the new American petrostate is useful. Fracking provides a source of energy that is not only new but also relatively clean, cheap and without political strings. It should reduce the dependence on dirty fuels, such as coal, and extortionate suppliers, such as Russia. Moreover, fracking is unusually flexible. Setting up an oil rig in the Gulf of Mexico can take years. But America’s frackers can sink wells and start pumping within weeks. So if the oil price spikes, they drill more wells. If it falls, they let old ones run down. In theory, fracking should make future oil shocks less severe, because American producers can respond quickly. Fracking all over the world Some foreign-policy wonks argue that this dramatic change in America’s fortunes argues for a fundamental change in the country’s foreign policy. If America can produce its own oil, they argue, why waste so much blood and treasure policing the Middle East? Yet even if it were politically sensible for America to disengage from the world—which this newspaper does not believe it is—the economic logic is flawed. The price of oil depends on global supply and demand, so Middle Eastern producers will remain vital for the foreseeable future. It is in the superpower’s interest to keep Gulf sea lanes open (and not to invite China to do the job instead). Although America’s foreign policy should not change, its energy policy should. Its ban on the export of crude oil, for instance, dating from the 1970s, was intended to secure supplies for American consumers. But its main effect is to hand a windfall to refiners, who buy oil cheaply and sell petrol at the global price. Barack Obama should lift it so that newly fracked oil can be sold wherever it makes the most cash. And he should approve the Keystone XL pipeline, which would carry oil from Canada’s tar sands to American refineries; an exhaustive official study has deemed the project environmentally sound. America does not ban the export of natural gas, but it makes getting permits insanely slow. Fracking has made gas extraordinarily cheap in America. In Asia it sells for more than triple the price; in Europe, double. Even allowing for the hefty cost of liquefying it and shipping it, there are huge profits to be made from this spread. The main beneficiaries of the complicated export-permit regime are American petrochemical firms, which love cheap gas and lobby for it. Mr Obama should ignore them. Gas exports could generate tankerloads of cash. To the extent that they displace coal, they would be good for the environment. And they could pay foreign-policy dividends, such as offering Europeans an alternative to Russian gas and so reducing Vladimir Putin’s power to bully his neighbours. Allowing exports might cause America’s domestic gas prices to rise a little, but it would also make American frackers pump more of it, cushioning the blow. A world in which the leading petrostate is a liberal democracy has much to recommend it. But perhaps the biggest potential benefit of America’s energy boom is its example. Shale oil and gas deposits are common in many countries. In some they may be inaccessible, either because of geology or because of environmental fears: but in most they go unexploited because governments have not followed America’s example in granting mineral rights to individual landowners, so that the communities most disrupted by fracking are also enriched by it. Become a champion of a global fracking revolution, Mr Obama, and the world could look on America very differently.