global-crude-oil | 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 »

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 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 »

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 »

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 »

Shell to take hit of up to $5-B on Russia exit

Agence France-Presse
Posted at Apr 07 04:33 PM

British energy giant Shell warned Thursday that it would take a hit of up to $5 billion (4.6 billion euros) on its exit from Russia, following Moscow's invasion of Ukraine. 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 »

Chinese and HK shares fall as China Q3 GDP misses estimates

Alun John, Reuters
Posted at Oct 18 12:20 PM

Mainland Chinese and Hong Kong equity markets fell on Monday after data showed China's economy grew more slowly than expected in the third quarter, weighing on regional stocks, although losses were capped by hopes of support from policymakers. 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 »

Inflation likely within 4.3 to 5.1 percent in February: Bangko Sentral

ABS-CBN News
Posted at Feb 26 05:36 PM

Inflation could settle between 4.3 percent to 5.1 percent range in February, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Friday. Read more »