News

Asian shares steady after steep losses; Saudi comments lift oil

Andrew Galbraith, Reuters
Posted at May 20 09:28 AM

In early trade, MSCI's broadest index of Asia-Pacific shares outside Japan tacked on 0.6 percent after a steep 3 percent loss the previous week. US S&P 500 e-mini futures also turned higher, rising 0.5 percent following losses on Wall Street on Friday. Read more »

Saudi, UAE see sufficient oil supplies, rising stocks

Omar Hasan, Agence France-Presse
Posted at May 20 07:02 AM

Oil supplies were sufficient and stockpiles were still rising despite massive output drops from Iran and Venezuela, said OPEC kingpin Saudi Arabia and key producer UAE on Sunday, as oil exporters met in Jeddah.  Read more »

ALAMIN: Taas-presyo sa petrolyo simula Martes

ABS-CBN News
Posted at May 18 04:52 PM

Isang oil price hike muli ang inaasahan sa susunod na linggo dulot ng pagmahal ng presyo ng imported na petrolyo sa world market. Read more »

Mga mangingisda sa Zambales umaaray sa oil spill

ABS-CBN News
Posted at May 16 09:31 PM

Dumadaing ang ilang mangingisda sa Botolan, Zambales sa epekto ng oil spill sa kanilang kabuhayan.  Read more »

Asia oil buyers, shippers go on alert after Saudi ship, facility attacks

Florence Tan and Yuka Obayashi, Reuters
Posted at May 16 07:56 AM

Asia gets nearly 70 percent of its crude oil from the Middle East, and any disruption to oil production, loading facilities or key shipping routes such as the Strait of Hormuz could have a severe impact on Asian economies. Read more »

Saudi Arabia says oil facility attacks target world supplies

Agence France-Presse
Posted at May 16 04:47 AM

Saudi Arabia, the world's top crude exporter, said Wednesday that attacks on two of its tankers and a major oil pipeline had targeted the security of global crude supplies. Read more »

5 drum ng langis tumagas sa bahagi ng Bucao River sa Zambales

ABS-CBN News
Posted at May 15 07:56 PM

Limang drum ng langis ang tumapon sa dagat.  Read more »

Oil prices jump on drone attack on Saudi Aramco facilities

Noah Browning, Reuters
Posted at May 14 10:01 PM

Oil prices rose on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco. Read more »

Dennis Uy's Chelsea Holdings, PNOC mull liquefied natural gas joint venture

ABS-CBN News
Posted at May 07 09:44 PM

The logistics company of Davao-based businessman Dennis Uy is looking to form a joint venture with the government-owned Philippine National Oil Company for a new liquefied natural gas (LNG) facility in Mabini, Batangas.  Read more »

Oil firms to roll back fuel prices

ABS-CBN News
Posted at May 06 11:47 PM

Amid forecasts of easing inflation, Philippine oil companies announce they will implement a fuel price rollback for the first time in four weeks. 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 »

PH oil firms to implement another round of fuel price hikes

ABS-CBN News
Posted at Apr 29 11:41 PM

Amid increasing fuel prices, a Philippine consumer group demands the release of the so-called "unbundling order" which would require oil firms to itemize the price components of fuel products. Read more »

US oil embargo will see Venezuela turn to China, Russia for salvation

Alexander Martinez and Esteban Rojas, Agence France-Presse
Posted at Apr 28 12:20 PM

The US oil embargo on Venezuela that comes into effect on Sunday will deepen the South American country's economic crisis without necessarily forcing President Nicolas Maduro from power and force Caracas to turn to China and Russia for salvation.   Read more »

Oil price hike ipatutupad sa Martes; LPG posibleng magtaas-presyo din

ABS-CBN News
Posted at Apr 27 07:53 PM

Isang oil price hike na naman ang inaasahan sa susunod na linggo, base sa trading ng langis sa world market. Read more »

Brent oil hits $75 for first time in 2019 as Russian exports cut

Ahmad Ghaddar, Reuters
Posted at Apr 25 08:51 PM

Brent oil rose above $75 per barrel on Thursday for the first time this year as quality concerns forced the suspension of some Russian crude exports to Europe while the United States prepared to tighten sanctions on Iran. Read more »

Petron keeps Bataan refinery shut for maintenance after quake

ABS-CBN News
Updated as of Apr 25 03:17 PM

The earthquake triggered the protective tripping of the refinery’s power source, followed by the flaring of gases, Petron told the stock exchange. Read more »

Oil hits highest since November as US to tighten Iran sanctions

Noah Browning, Reuters
Posted at Apr 23 08:58 PM

Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply. Read more »

Oil hits 2019 high above $72 on China growth, lower US inventories

Noah Browning, Reuters
Posted at Apr 17 11:33 PM

Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in US crude stocks which defied expectations and signaled firm demand, while global supply remained tight.   Read more »

Mga kompanya ng langis may higit P1 dagdag-presyo sa gasolina

ABS-CBN News
Updated as of Apr 14 10:40 PM

Maglalaro sa P1 ang itataas ng presyo ng kada litro ng gasolina pagdating ng Martes Santo. Read more »

Oil price hike sasalubong sa mga motorista sa Holy Week

ABS-CBN News
Posted at Apr 12 06:34 PM

Isang taas-presyo sa mga produktong petrolyo ang inaasahang sasalubong sa mga motorista sa Holy Week.      Read more »