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Tsuper dumadaing dahil 90 porsiyento ng kita, napupunta sa krudo

ABS-CBN News
Posted at Jun 11 07:58 PM

Nagkaroon man ng dagdag-piso sa pamasahe, nananatiling P200 lamang ang kaniyang take-home pay sa loob ng 24 oras na biyahe dahil sa tumal ng pasahero. Read more »

Big time oil price hike set on Tuesday June 7

ABS-CBN News
Updated as of Jun 06 03:16 PM

Another big time oil price hike looms, as Western nations imposed more sanctions on Russia over its invasion of Ukraine, and demand for fuel increased. Read more »

Pilipinas Shell posts P3.5-B net income in first quarter 2022

ABS-CBN News
Posted at May 12 03:39 PM

Pilipinas Shell Petroleum Corp on Thursday said it had a strong start to the year 2022 with its net income hitting P3.5 billion in the frist quarter. Read more »

Bigger oil price hikes seen if Ukraine crisis persists

ABS-CBN News
Posted at Apr 05 09:57 AM

There could be bigger oil price hikes if the ongoing conflict between Russia and Ukraine drags on, an economist said Tuesday. Read more »

Mga magsasaka problemado sa presyo ng krudo, pataba

ABS-CBN News
Posted at Mar 23 09:29 AM

Sa unang pagkakataon nitong 2022, nagpatupad ng rollback sa mga presyo ng mga produktong petrolyo ang mga oil companies nitong Martes. Read more »

BSP backs interventions to cushion impact of Ukraine crisis

ABS-CBN News
Posted at Mar 11 10:02 AM

Continued social protection efforts and supply-side management are among the government measures that can cushion the impact of Russia's invasion of Ukraine to the country's inflation and economic recovery, the central bank said Friday Read more »

BSP: Inflation target will hold despite rising oil prices

Jessica Fenol and Michelle Ong, ABS-CBN News
Posted at Mar 01 11:28 AM

Bangko Sentral Gov. Benjamin Diokno said as long as the Dubai crude remains below $95 per barrel, the inflation target of 2 to 4 percent could hold. Read more »

DOE says requests for suspension of fuel excise tax pending in Congress

ABS-CBN News
Posted at Feb 28 04:57 PM

The Department of Energy has requested for the suspension of excise taxes on petroleum products as early as October 2021, Usec Gerardo Erguiza Jr said. Read more »

Top oil producers eye modest output boost as prices surge

Emeline Burckel, Agence France-Presse
Posted at Feb 02 01:53 PM

The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges. Read more »

Poe files bill seeking to suspend excise tax on fuel

Sherrie Ann Torres, ABS-CBN News
Posted at Nov 08 07:57 PM

Sen. Grace Poe will try congressional intervention by filing a bill seeking to impose “automatic suspension” of government’s excise tax collection. Read more »

Top oil producers agree on modest output boost from August

Julia Zappei, Agence France-Presse
Posted at Jul 19 09:02 AM

The world's leading oil producers agreed on Sunday to continue to modestly boost output from August reaching a compromise after the United Arab Emirates blocked a deal earlier this month. Read more »

Oil demand set to exceed pre-pandemic levels in 2022: IEA

Richard Lein, Agence France-Presse
Posted at Jun 11 05:20 PM

Oil demand is set to rise above pre-pandemic levels by the end of next year, the IEA said Friday, but producers have sufficient capacity to rise to the challenge. Read more »

Brent crude oil price surges above $70 a barrel

Agence France-Presse
Posted at Mar 08 04:27 PM

Brent crude oil surged more than two percent Monday following a missile attack on facilities owned by energy giant Aramco in Saudi Arabia, and on optimism about the demand outlook as the global economy recovers. Read more »

Oil hovers near 13-month highs as storm hits US output, Fed assures rates staying low

Julia Payne, Reuters
Posted at Feb 25 07:32 PM

Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that US interest rates will stay low, and a sharp drop in US crude output last week due to the storm in Texas. Read more »

Oil prices rise to highest in a year on US growth optimism, crude supply restraint

Roslan Khasawneh, Reuters
Posted at Feb 05 03:27 PM

Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply. Read more »

Oil plunges again as virus ravages energy markets

Agence France-Presse
Posted at Apr 22 02:19 PM

Brent dropped 12.31 percent to $16.98 a barrel, extending heavy losses from a day earlier.  Read more »

OPEC divided on how to combat coronavirus fallout

Benoît Pelegrin, Agence France-Presse
Posted at Mar 05 11:30 AM

The group already had to contend with abundant supply on global markets weighing on prices but the spread of COVID-19 across the world has sent them plunging.   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 »