News Articles on {?keyword?} | ABS-CBN News

OPEC throttles output in May

Agence France-Presse
Posted at Jun 17 10:36 PM

Major oil producers sharply cut back output in May, data showed on Wednesday, as part of a concerted effort to prop up prices that have fallen dramatically in the wake of the global coronavirus pandemic. Read more »

Saudi to hike April crude supply to 12.3 million bpd -Aramco CEO

Reuters
Posted at Mar 10 05:54 PM

Saudi Aramco will raise its crude supply, which includes oil to its customers inside the kingdom and abroad, to 12.3 million barrels per day (bpd) in April, CEO Amin Nasser said on Tuesday. Read more »

Think Tank: Asia vulnerable in event of severe oil supply disruption

ABS-CBN News
Posted at Jan 17 06:07 PM

The Economist Intelligence Unit's Lead Energy Analyst, Peter Kiernan, believes Asia will be severely affected if an oil supply disruption happens due to the tensions in the Middle East. Read more »

UAE energy minister sees no immediate risk to oil flow through Strait of Hormuz

Rania El Gamal and Dahlia Nehme, Reuters
Posted at Jan 08 04:44 PM

ABU DHABI - The United Arab Emirates' energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing US forces in Iraq.   Read more »

Oil price spike seen 'secondary' to inflation data in BSP rate-setting meeting

ABS-CBN News
Posted at Sep 18 02:41 PM

The most important piece of information for policy decision is the forecasted inflation rate in September, BSP Governor Benjamin Diokno told ABS-CBN News. Read more »