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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 »

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 »

Iran will continue oil exports despite US pressure, president says

ABS-CBN News
Posted at Apr 30 03:54 PM

Iran will continue to export oil despite US pressure, Iran President Hassan Rouhani said in a speech broadcast live on Iranian state TV on Tuesday. Read more »

Brent oil resumes climb to $70 on tightening supply

Aaron Sheldrick, Dmitry Zhdannikov, Reuters
Posted at Apr 04 11:46 PM

Brent oil prices resumed their climb toward $70 per barrel on Thursday as expectations of tight global supply outweighed pressure from rising US inventories and production. Read more »

OPEC squeezes oil output to 4-year low, Russia compliance low

Agence France-Presse
Posted at Feb 13 06:11 PM

The Paris-based organisation said that OPEC crude output dropped by 0.93 million barrels per day (mbd) to 30.83 mbd in January. Read more »

Filling up for fuel

ABS-CBN News
Posted at Jan 14 10:44 PM

A gasoline retailer fills up gas for a public utility jeepney along IBP Road, in Batasan, Quezon City on Monday. Read more »

Saudi Arabia vows to slash oil exports after price slide

Agence France-Presse
Posted at Jan 10 05:50 AM

OPEC kingpin Saudi Arabia said Wednesday it would slash its oil exports by 800,000 barrels per day in January and promised further cuts as producers move to shore up tumbling prices. Read more »

Fuel tax hike only for new stocks: Energy dept

ABS-CBN News
Updated as of Jan 03 04:35 PM

MANILA - The Department of Energy (DOE) on Thursday warned fuel retailers against unjustified price increases, with the second round of excise tax increases set to take effect. Read more »

Oil plunges 6 pct as economic slowdown fears grip market

Reuters
Posted at Dec 25 11:44 AM

Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. Read more »

Oil market likely to rebalance early 2019: OPEC ministers

Agence France-Presse
Posted at Dec 24 08:02 AM

Oil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year, when a deal on new production cuts takes effect. Read more »

Canada oil sector gets $1.2 billion to diversify away from US

Agence France-Presse
Posted at Dec 19 09:32 AM

Canada's oil sector, hurt by low prices and a lack of pipeline capacity to get its product to new overseas markets, received $1.2 billion in government aid on Tuesday. Read more »

P1-M halaga ng krudo, nasabat sa Navotas

ABS-CBN News
Updated as of Jul 25 11:55 AM

MAYNILA - Nasabat ng mga awtoridad sa Navotas City ang mahigit P1 milyong halaga ng krudo mula sa Bataan. Read more »

Diokno backs round two of fuel excise tax set for 2019

Jacque Manabat, ABS-CBN News
Updated as of Dec 05 11:07 PM

The TRAIN law scheduled excise tax increases every year for 3 years starting Jan. 1, 2018. Read more »

DOE expects lower Dubai crude prices until end-2018

ABS-CBN News
Posted at Nov 05 11:47 PM

Some motorists believe the fuel price rollbacks in the past weeks are not enough to help them cope with rising prices. Read more »

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