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Ukraine secures 1 billion euros in aid 'to get through winter'

Adam Plowright and Delphine Touitou, Agence France-Presse
Posted at Dec 14 02:00 PM

Ukraine's Western allies pledged an additional one billion euros ($1.1 billion) in emergency winter aid on Tuesday, responding to pleas from President Volodymyr Zelensky to help the country withstand Russia's onslaught against its energy grid. Read more »

Oil, gas firms production plans spell 'catastrophic' warming: report

Agence France-Presse
Posted at Dec 08 10:20 AM

Oil and gas companies are spending billions of dollars on new fossil fuel production that would push global temperatures to catastrophic levels, research found. Read more »

Gas, kerosene, diesel price rollback set for Oct. 25

ABS-CBN News
Updated as of Oct 24 11:49 AM

Gasoline, kerosene and diesel prices will be reduced as petroleum firms announced another round of rollback this week starting Oct. 25. Read more »

Over a barrel, Biden faces tough options with Saudis

Shaun Tandon and Leon Bruneau, Agence France-Presse
Posted at Oct 17 09:38 AM

US president Joe Biden has vowed consequences for Saudi Arabia over its explosive slash in oil output. 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 »

OPEC+ expected to slash oil output

Kiyoko Metzler, Agence France-Presse
Updated as of Oct 05 12:53 PM

Major oil producers led by Saudi Arabia and Russia were set to meet Wednesday as reports said they were mulling an output cut of up to two million barrels per day in a bid to prop up slumping prices. 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 »

Marcos seeking Russian oil, fertilizer supply: report

Job Manahan, ABS-CBN News
Updated as of Sep 27 09:25 PM

Malacañang said it would not comment on the matter 'until such time that the agreement has been entered into and finalized.' Read more »

Putin says 'impossible' to isolate Russia

Agence France-Presse
Posted at Sep 08 04:44 AM

Putin has repeatedly said Russia's economy is weathering the barrage of sanctions well, as the Kremlin's ties with the West sink to new lows. Read more »

Inflation slows to 6.3 percent in August: PSA

ABS-CBN News
Updated as of Sep 18 07:49 AM

Inflation in August slowed to 6.3 percent from 6.4 percent in July, data from the Philippine Statistics Authority released Tuesday showed. Read more »

Russia pockets $158 billion in energy exports after war: report

Agence France-Presse
Posted at Sep 06 09:08 AM

Russia has raked in a whopping 158 billion euros ($158 billion) in energy exports in the 6 months following its invasion of Ukraine, with the EU accounting for more than half, a think tank said Tuesday. Read more »

Brent crude falls 5 percent on recession fears

Agence France-Presse
Posted at Aug 31 08:22 AM

The price of the Brent crude, the main international oil contract, fell more than five percent on Tuesday as new Chinese pandemic lockdowns revived recession concerns among investors. Read more »

Oil price hike for gasoline, diesel set on Aug. 30

ABS-CBN News
Updated as of Aug 29 11:52 AM

Distributors of petroleum products on Monday announced a big-time price hike for gasoline, kerosene and diesel that would take effect on Aug. 30. Read more »

Swiss aim to cut gas consumption by 15 pct: gov't

Agence France-Presse
Posted at Aug 25 08:29 AM

Switzerland is aiming for a 15-percent cut in gas consumption, the authorities announced, following the target set by the European Union in response to the energy crisis. Read more »

OPEC+ has 'means' to deal with oil volatility: Saudi Arabia

Agence France-Presse
Posted at Aug 23 08:44 AM

OPEC leader Saudi Arabia's energy minister said Monday that the oil cartel and its allies have the means to deal with market challenges -- including by "cutting production". Read more »

Price rollback for fuel products set for 7th straight week

ABS-CBN News
Posted at Aug 15 09:48 AM

MANILA - Oil firms will slash prices of select fuel products for the 7th straight week, the companies announced Monday. Read more »

After the Covid crisis, what's next for OPEC+?

Emeline Burckel, Agence France-Presse
Posted at Aug 02 08:48 AM

Here is a look at the cartel's current production agreement and its outcome as well as scenarios for the future as the group faces another challenge following Russia's invasion of Ukraine: Read more »

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 »

Yellen says US in talks with allies to cap Russian oil price

Agence France-Presse
Posted at Jun 21 08:37 AM

The United States is in talks with allies to further restrict Russia's oil revenues by capping the price it would get for its crude, US Treasury Secretary Janet Yellen said during a visit to Canada on Monday. Read more »

China's oil imports from Russia jump 55 pct on-year: customs

Agence France-Presse
Posted at Jun 20 04:56 PM

China's imports of oil from Russia rose 55 percent in May, customs data showed on Monday, with the West sanctioning fuel imports from Moscow over its invasion of Ukraine. Read more »