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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 »

Fuel prices to rise for 5th straight week

ABS-CBN News
Posted at Jul 15 11:06 PM

With oil prices on the rise, a local consumer group expresses dismay over halt orders against fuel cost unbundling. Read more »

'Big-time' oil price hike papalo sa Hulyo 16

ABS-CBN News
Posted at Jul 13 05:08 PM

May malaki-laking oil price hike na inaasahan sa susunod na linggo. Read more »

Indonesia president vows to fight EU palm oil rules

Agence France-Presse
Posted at Jul 13 04:30 AM

In an interview with Bloomberg News published Friday, Indonesian President Joko Widodo said he was determined to get the EU to change its rules. Read more »

ALAMIN: Galaw sa presyo ng petrolyo simula Hulyo 9

ABS-CBN News
Posted at Jul 06 05:55 PM

Magkakaroon ng rollback sa diesel at kerosene pero mayroon namang taas-presyo sa gasolina. 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 »

Tehran fumes as Britain seizes Iranian oil tanker over Syria sanctions

Jonathan Saul and Parisa Hafezi, Reuters
Posted at Jul 05 11:47 AM

LONDON/DUBAI - British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran's fury and could escalate its confrontation with the West. Read more »

Mock oil spill tests PH, Indonesia, Japan coast guards

Kyodo News
Posted at Jul 04 08:13 AM

DAVAO GULF - The coast guards of Indonesia, Japan and the Philippines took part Wednesday in a mock oil spill exercise in southern Philippine waters. Read more »

Oil prices tumble even as producers extend supply agreement

Agence France-Presse
Posted at Jul 03 10:28 PM

Oil prices fell sharply even as leading crude exporters extended a supply agreement, while global equities mostly nudged higher in the aftermath of the weekend's US-China trade detente. Read more »

Oil jumps on Riyadh-Moscow output deal, as OPEC gathers

Agence France-Presse
Posted at Jul 01 06:53 PM

Oil prices jumped Monday after OPEC kingpin Saudi Arabia and non-member Russia agreed to keep daily oil output caps, but Iran warned the move risks killing off the cartel that pumps a third of global supplies. Read more »

Panelo confirms Xi 'warning' vs oil exploration in West PH Sea

ABS-CBN News
Posted at Jul 01 10:05 AM

MANILA - President Rodrigo Duterte's spokesman on Monday confirmed that Chinese President Xi Jinping issued a warning of "trouble" if Manila starts oil exploration in the West Philippine Sea. Read more »

Japan's Abe offers Saudi crown prince help in reducing oil dependency

Reuters
Posted at Jun 30 12:31 PM

Japanese Prime Minister Shinzo Abe on Sunday praised Saudi Arabia's efforts to reduce its dependence on oil and promised Crown Prince Mohammed bin Salman that Japan will help the kingdom with a sweeping reform plan. Read more »

Big time rollback sa tangke ng LPG nagbabadya sa Hulyo

ABS-CBN News
Updated as of Jun 29 09:37 PM

Batay sa estimate ng ilang taga-industriya, tinatayang nasa P3 hanggang P4 ang inaasahang bawas sa kada kilo ng LPG. Read more »

'Payong kaibigan': Palace downplays Xi's warning on oil exploration in West PH Sea

Arianne Merez, ABS-CBN News
Updated as of Jun 28 09:45 PM

President Duterte revealed on Thursday that the Chinese leader once warned him against drilling for oil in disputed waters. 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 »

Xi warns of ‘trouble’ if Filipinos start exploring West PH Sea for oil, says Duterte

ABS-CBN News
Updated as of Jun 28 12:33 AM

Duterte once told Xi Jinping that he wants to mine oil in the West Philippine Sea, but the Chinese President answered by saying "that could mean trouble." Read more »

Cargo ship capsizes in Cebu port

ABS-CBN News
Updated as of Jun 26 12:02 AM

CEBU (UPDATED)—A cargo ship carrying bags of cement capsized at a port in San Fernando, Cebu Tuesday afternoon. Read more »

Bakit lingguhan, pare-pareho ang galaw ng presyo ng petrolyo?

ABS-CBN News
Posted at Jun 25 07:40 PM

Namumurong masundan na naman sa susnuod na linggo ang oil price hike. Pero bakit nga ba lingguhan at pare-pareho ang galaw sa presyo ng petrolyo ng mga kompanya ng langis? 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 »

Petron lists P20B worth of preferred shares

ABS-CBN News
Updated as of Jun 25 08:16 PM

Proceeds will be used for the redemption of Petron’s outstanding Series 2A preferred shares issued in 2014, while the balance will be used for short-term debt repayment, the oil firm said in a disclosure.    Read more »