oil-industry | ABS-CBN News

Big Oil meeting with US govt cordial but no miracle gas price fix

Sebastian Smith and John Biers, Agence France-Presse
Posted at Jun 24 09:06 AM

Biden administration officials and oil industry executives huddled in Washington on Thursday to discuss potential steps to address runaway gasoline prices, and while both sides called the talks constructive, no concrete plans for relief emerged. Read more »

Biden chastises oil industry over fuel costs

Agence France-Presse
Posted at Jun 16 06:53 AM

In a letter to major oil corporations, Biden delivered his most direct salvo yet in a campaign to blame the industry for stoking price increases. Read more »

ALAMIN: Malaking bawas-presyo sa petrolyo sa Marso 22

ABS-CBN News
Updated as of Mar 21 07:47 PM

Matapos ang 11 sunod-sunod na linggong oil price hike, magkakaroon ng malaking bawas sa presyo ng produktong petrolyo sa Martes (Marso 22), ang pinakaunang rollback ngayong 2022. Read more »

Govt needs to control oil industry: Leody De Guzman

Josiah Antonio, ABS-CBN News
Updated as of Oct 26 05:07 PM

Leody De Guzman on Tuesday said the government should "control" the oil industry amid the successive hikes in fuel prices Read more »

Oil giant Shell sets sights on sustainable aviation fuel take-off

Ron Bousso, Reuters
Posted at Sep 20 08:41 AM

LONDON - Dutch Shell plans to start producing low-carbon jet fuel at scale by 2025, in an attempt to encourage the world's airlines to reduce greenhouse gas emissions. Read more »

LIST: Oil refiners shut plants as demand losses may never return

Reuters
Posted at Nov 11 03:37 PM

Oil refiners are permanently closing processing plants in Asia and North America and facilities in Europe could be next because of uncertain prospects for a recovery in fuel demand after the coronavirus pandemic cut consumption. Read more »

Oil industry placing risky bet on plastics: report

Kelly Macnamara, Agence France-Presse
Posted at Sep 04 09:11 AM

Big oil producers are pinning their future growth on the world's insatiable appetite for plastic, researchers said Friday, in a "bet" on society's failure to tackle disposable consumption that risks stranding billions of dollars in petrochemical investments. Read more »

Bawas-presyo sa petrolyo inaasahan dahil taripa balik na sa dati

ABS-CBN News
Updated as of Jul 14 07:06 PM

Inaasahang magkakaroon ng rollback sa presyo ng petrolyo sa mga susunod ng linggo matapos mapaso ang batas na nagpataas sa taripa ng imported na langis. Read more »

Ilang gasolinahan muling magtataas ng presyo sa Miyerkoles

ABS-CBN News
Updated as of Jun 16 08:00 PM

Katataas lang ng presyo ng petrolyo ngayong Martes, inaasahang masusundan agad ito ng isa pang oil price hike sa ilang gasolinahan sa Miyerkoles.   Read more »

Iran president: State firm found new oilfield with 53 billion barrels of crude

Reuters
Posted at Nov 10 07:26 PM

The field stretches over 2,400 sq km in the oil-rich Khuzestan province, Iran President Hassan Rouhani said on Sunday. Read more »

Diesel may P1 bawas-presyo simula Martes

ABS-CBN News
Updated as of Oct 07 06:56 PM

Magkakaroon ng bawas sa presyo ng produktong petrolyo simula Martes, Oktubre 8, ayon sa ilang kompanya ng langis. Read more »

Costly Saudi defenses prove no match for drones, cruise missiles

Stephen Kalin and Sylvia Westall, Reuters
Updated as of Sep 19 05:06 PM

RIYADH/DUBAI - Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry Read more »