crude | ABS-CBN News

Global crude oil price still volatile but downward easing seen: stakeholder

ABS-CBN News
Updated as of Jan 13 10:24 AM

Global crude oil prices are seen to ease this year, Phoenix Petroleum Philippines Inc President and CEO Bong Fadullon said Friday while also warning that volatility remains a risk. Read more »

British PM raises oil with Saudis as Biden shuns crown prince

Agence France-Presse
Posted at Nov 15 06:47 PM

British Prime Minister Rishi Sunak called Tuesday for efforts to stabilize oil markets in talks with Saudi Arabia's crown prince, who was shunned by US President Joe Biden over an output cut. Read more »

Saudi, UAE tout higher oil production, days before COP climate talks

Agence France-Presse
Posted at Oct 31 06:16 PM

Saudi Arabia and the UAE said the world needs higher oil production on Monday, just days before the COP27 climate summit aimed at curbing global warming. Read more »

THE DAY IN PHOTOS: October 17, 2022

ABS-CBN News
Posted at Oct 17 11:37 PM

Here are the day's top stories in photos. Read more »

Flamingo covered in oil

Henry Chirinos, EPA-EFE
Posted at Oct 17 12:12 PM

A flamingo is covered in crude oil in Maracaibo, Venezuela, in this photo issued on October 15, 2022. Read more »

Oil prices climb as OPEC+ cuts output

Agence France-Presse
Posted at Oct 06 08:42 AM

Oil prices climbed Wednesday as OPEC and its Russia-led allies announced a major cut in output, while a stocks rally ran out of gas. Read more »

Oil prices rise awaiting OPEC output cut

Agence France-Presse
Posted at Oct 05 09:09 PM

Oil prices rose Wednesday as OPEC and Russia-led allies prepare to announce a big cut in output. Read more »

Markets drop as traders eye jobs and earnings, oil jumps

Agence France-Presse
Posted at Oct 03 07:04 PM

Stocks slipped on Monday as investors await key US jobs data while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates. Read more »

Oil surges as reports say OPEC considering output cut

Agence France-Presse
Posted at Oct 03 04:48 PM

Oil prices jumped more than four percent in Asian trade Monday as reports said OPEC and other top producers considered slashing output. Read more »

Lower kerosene, diesel prices to take effect Sept. 20

ABS-CBN News
Updated as of Sep 19 03:07 PM

A big time price rollback will be implemented this week for kerosene and diesel products while gasoline prices will remain unchanged, oil firms announced on Monday. Read more »

Germany faces recession as energy crisis bites: think-tank

Agence France-Presse
Posted at Sep 12 08:55 PM

Germany will fall into recession next year, a leading think-tank warned Monday, with Europe's biggest economy facing soaring inflation as Russia slashes energy supplies. Read more »

Volatile pump prices sway consumer behavior: Pilipinas Shell

ABS-CBN News
Updated as of Sep 12 11:13 AM

Volatility of petroleum product prices is changing the behavior of consumers when it comes to the purchase size of gas products, Pilipinas Shell country head Lorelie Quiambao-Osial said Monday. Read more »

Oil tumbles on recession worries as US stocks rebound

Agence France-Presse
Updated as of Sep 08 04:52 PM

US oil prices finished Wednesday at their lowest level since January on growing recession fears. Read more »

Brent crude falls 5 percent on recession fears

Agence France-Presse
Posted at Aug 31 08:22 AM

The price of the Brent crude, the main international oil contract, fell more than five percent on Tuesday as new Chinese pandemic lockdowns revived recession concerns among investors. Read more »

Oil prices tumble again as China economy stutters

Agence France-Presse
Posted at Aug 17 09:33 AM

Oil prices slumped nearly five percent Monday on data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Read more »

Oil prices tumble as China economy stutters

Agence France-Presse
Posted at Aug 15 08:39 PM

Oil prices slumped nearly 5 percent Monday on data showing China's economic recovery stuttering under Covid-19 restrictions and a slumping property sector. Read more »

OPEC+ meets after Biden push to hike oil output

Agence France-Presse
Posted at Aug 03 06:07 PM

OPEC+ meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame soaring prices. Read more »

Supply risks still haunt market despite high oil prices: IEA

Agence France-Presse
Posted at Jul 13 06:32 PM

High oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned Wednesday. Read more »

Brent oil closes under $100/barrel for first time since April

Agence France-Presse
Posted at Jul 13 04:05 AM

Brent oil futures closed Tuesday under $100 a barrel, as recession worries cloud the near-term outlook for crude demand. Read more »

Recession fears drag on euro and crude, Asian markets mixed

Agence France-Presse
Posted at Jul 07 02:30 PM

Crude extended the week's losses Thursday, while the euro struggled to recover from 20-year lows and equities were mixed as recession fears continued to cast a pall across trading floors. Read more »