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The ANC Brief: Showdown

ABS-CBN News
Posted at Jan 09 04:06 AM

The Duterte administration is sending a former special envoy to the Middle East to oversee the evacuation of Filipinos. Read more »

Oil prices surge after US strike kills Iranian general

Agence France-Presse
Updated as of Jan 03 12:11 PM

The head of Iran's Quds Force, Qasem Soleimani, was hit in an attack on Baghdad international airport early Friday, according to Hased, a powerful Iraqi paramilitary force linked to Tehran. Read more »

US, France vie to bolster Gulf security after Saudi oil attack

Stephen Kalin and Ghaida Ghantous, Reuters
Posted at Nov 24 08:38 AM

XThe United States and France are boosting Saudi Arabia's radar systems following crippling drone and cruise missile attacks on Saudi oil infrastructure in September, which Washington blames on Iran.   Read more »

Oil prices tumble amid US-China trade uncertainty

Agence France-Presse
Posted at Nov 20 07:22 AM

Oil prices tumbled Tuesday as lingering questions over the US-China trade talks weighed on sentiment on a mixed day for global equity markets. Read more »

Aramco declares $1.71 trillion valuation in blockbuster IPO

Anuj Chopra, Agence France-Presse
Posted at Nov 18 08:21 AM

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion.  Read more »

Iran president: State firm found new oilfield with 53 billion barrels of crude

Reuters
Posted at Nov 10 07:26 PM

The field stretches over 2,400 sq km in the oil-rich Khuzestan province, Iran President Hassan Rouhani said on Sunday. Read more »

US boosts force in oil-rich east Syria, crosses regime checkpoints

Agence France-Presse
Posted at Oct 27 10:14 AM

Washington has started to send reinforcements to oil-rich eastern Syria, a US defense official said Saturday, as a military convoy flying American flags crossed into the war-torn country from Iraq.   Read more »

Aramco hopes to repair remaining damage from attacks by end-Nov

Olesya Astakhova, Reuters
Posted at Oct 13 08:09 AM

Oil major Saudi Aramco hopes to fix by the end of November the last four key pieces of equipment damaged during attacks last month, in a move to allow it to fully regain production capacity, company officials said on Saturday. Read more »

Sweeping US sanctions on Iran target leaders, oil and trade

Agence France-Presse
Posted at Sep 19 07:32 AM

Ongoing US sanctions on Iran target Supreme Leader Ayatollah Ali Khamenei and the Islamic republic's top brass, while also seeking to choke trade in a variety of goods from oil to carpets.   Read more »

PH gov’t monitoring 'adequate' oil supply after Saudi attack

Arianne Merez, ABS-CBN News
Updated as of Sep 18 04:49 PM

The Philippine government is on the lookout for “adequate” oil supply from Saudi Arabia in light of weekend drone attacks at the latter’s oil facilities, a finance official said Wednesday. Read more »

Oil price spike seen 'secondary' to inflation data in BSP rate-setting meeting

ABS-CBN News
Posted at Sep 18 02:41 PM

The most important piece of information for policy decision is the forecasted inflation rate in September, BSP Governor Benjamin Diokno told ABS-CBN News. Read more »

Philippines has enough oil supply 'to keep economy running': DOE

Michael Joe Delizo, ABS-CBN News
Updated as of Sep 18 03:08 PM

The Philippines has enough oil inventory to last for up to 30 days, Energy secretary Alfonso Cusi said Wednesday, following attacks in Sauda Arabia's production facilities that reduced global output.  Read more »

Saudi Arabia to restore oil output fully by end of September -energy minister

Rania El Gamal and Stephen Kalin, Reuters
Updated as of Sep 18 09:12 AM

Saudi Arabia will restore its lost oil production by the end of September and has managed to recover supplies to customers to the levels they were at prior to weekend attacks on its facilities by drawing from its huge oil inventories. Read more »

Attacks on Saudi oil facilities will affect PH 'deeply': Locsin

ABS-CBN News
Updated as of Sep 16 12:07 AM

The attacks on Saudi Arabia's oil facilities will affect the Philippines "deeply," Foreign Affairs Secretary Teodoro Locsin Jr. said Sunday. Read more »

United States blames Iran for Saudi attacks

Alexandra Alper, Reuters
Posted at Sep 15 08:18 AM

US Secretary of State Mike Pompeo on Saturday accused Iran of leading attacks on Saudi oil plants that have cut the kingdom's output roughly in half, as he ruled out Yemeni involvement and denounced Tehran for engaging in false diplomacy. Read more »

Attacks on Saudi facilities threaten spare oil capacity, price hikes

Collin Eaton, Reuters
Updated as of Sep 15 09:11 AM

HOUSTON - Saturday's attacks on key Saudi Arabia processing plants will test the world's ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world's biggest crude exporter.   Read more »

Oil rises after Iran says it seized foreign tanker in Gulf

Bozorgmehr Sharafedin, Reuters
Posted at Jul 18 08:42 PM

Oil prices rose about 1 percent on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid rising tensions between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports. Read more »

Gov’t seeks to preempt effects of weather disturbances on inflation

ABS-CBN News
Posted at Jul 05 06:52 PM

MANILA – The National Economic and Development Authority (NEDA) on Friday said the government would continue to implement “preemptive measures” to mitigate effects of weather disturbances on inflation. Read more »

Inflation likely at 2.2 to 3 percent range in June: BSP think tank

ABS-CBN News
Updated as of Jun 28 04:17 PM

The Consumer Price Index rose 3.2 percent in May from 3 percent in April, staying within the government's 2 to 4 percent target range. Read more »

Inflation worries 'very minimal' despite outside risks: analyst

ABS-CBN News
Posted at Jun 25 10:45 AM

Inflation could slow to below 2 percent in the third quarter, averaging at 2.7 percent for the entire year, Standard Chartered Asia economist Chidu Narayanan told ANC. Read more »