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Usapin ng pagsusog sa oil deregulation law muling umingay

ABS-CBN News
Updated as of Jan 19 08:24 PM

Muling umingay ang mga panukalang emyendahan ang Oil Deregulation Law dahil sa sunod-sunod na oil price hike.  Read more »

Oil slips on coronavirus fears, strong dollar

Bozorgmehr Sharafedin, Reuters
Posted at Jan 19 11:42 AM

Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the coronavirus outweighed a better-than-expected quarterly rebound for China's economy.   Read more »

Phoenix gas stations now offer RFID reloading

ABS-CBN News
Posted at Jan 06 10:14 AM

Phoenix Petroleum Philippines Inc said Wednesday their Phoenix gas stations are offering RFID reloading for motorists. Read more »

LPG price hike nagbabadya sa pagpasok ng 2021

ABS-CBN News
Posted at Dec 31 03:57 PM

Aabot sa P3.50 hanggang P4.50 kada kilo ang magiging dagdag dahil sa pagmahal ng international contract price ng LPG.    Read more »

ALAMIN: Bakit tuloy-tuloy ang oil price hike sa nakalipas na 6 linggo?

ABS-CBN News
Posted at Dec 22 08:05 PM

Pagdating ng 2021, maaaring mapataas pa ang presyo dahil sa planong production cut ng mga oil company, ayon sa Department of Energy.  Read more »

OPEC+ resumes talks on 2021 oil policy amid disagreements

Reuters
Posted at Dec 03 02:27 PM

OPEC and Russia resumed talks on Thursday in a bid to define policies for 2021 after an initial round of discussions this week failed to bring a compromise on how to tackle weak oil demand amid a second coronavirus wave. Read more »

OPEC+ postpones talks to Dec 3 amid disagreements - sources

Rania El Gamal, Ahmad Ghaddar and Olesya Astakhova, Reuters
Updated as of Dec 01 08:14 AM

OPEC and allies led by Russia postponed talks on oil output policy for 2021 to Thursday, three sources said on Monday as key players still disagreed on how much oil they should pump amid weak demand due to the coronavirus pandemic. Read more »

Presyo ng LPG tataas sa Disyembre 1

ABS-CBN News
Posted at Nov 30 05:24 PM

Nag-abiso ang mga kompanya ng liquefied petroleum gas na magkakaroon ng pagtaas ang presyo ng kanilang produkto simula Martes, Disyembre 1. Read more »

OPEC, allies mull extending output cuts

Benoît Pelegrin, Agence France-Presse
Posted at Nov 29 04:17 PM

The OPEC oil producers' club and its allies will hold a virtual meeting on Monday and Tuesday to finalize an expected extension to production cuts as the coronavirus pandemic continues to weigh on global demand.   Read more »

Phoenix Petroleum says 200 retail stations offering 'contactless' payments

ABS-CBN News
Posted at Nov 19 01:58 PM

Phoenix Petroleum Philippines is now offering contactless payment options in all of its 200 gas stations nationwide as part of efforts to curb the spread of COVID-19, the firm said on Thursday.   Read more »

ALAMIN: Taas-presyo sa petrolyo simula Nobyembre 17

ABS-CBN News
Updated as of Nov 16 06:47 PM

Nag-abiso ang ilang kompanya ng langis na magpapatupad sila ng pagtaas sa presyo ng kanilang mga produkto simula Martes, Nobyembre 17.  Read more »

G20 countries still backing fossil fuels through COVID-19 response

Thin Lei Win, Reuters
Updated as of Nov 10 09:01 AM

The G20 major economies are "moving in the wrong direction" in response to the coronavirus pandemic by using stimulus spending to support industries and companies that rely heavily on planet-warming fossil fuels, researchers said on Tuesday.   Read more »

Petron improves Q3 income on retail gains as economy reopens

ABS-CBN News
Posted at Nov 03 07:32 PM

Petron’s disclosed to the stock market that its third quarter net income rose to P1.63 billion versus P1 billion in the same period last year. Read more »

Saudi Aramco profits dive in coronavirus-hit third quarter

Anuj Chopra, Agence France-Presse
Posted at Nov 03 07:19 PM

Energy giant Saudi Aramco on Tuesday posted a 44.6 percent slump in third-quarter profit, as the coronavirus pandemic weighs heavily on the global demand for crude oil. Read more »

Petron may dagdag-singil sa LPG sa pagpasok ng Nobyembre

ABS-CBN News
Posted at Oct 30 06:07 PM

Magkakaroon ng dagdag-singil sa presyo ng kanilang liquefied petroleum gas ang Petron.  Read more »

Oil prices slide in lockdown-driven rout, stocks slip

Roland Jackson, Agence France-Presse
Posted at Oct 29 09:49 PM

Oil prices dived on Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while European stock prices slid as investors awaited a eurozone interest rate call and absorbed a barrage of corporate results.   Read more »

Top oil traders see slow demand recovery

Reuters
Posted at Oct 15 09:46 PM

Top global oil traders Vitol, Trafigura and Gunvor said on Thursday they saw slow oil demand recovery because of a second coronavirus wave with oil prices rising to or above $50 per barrel only by October next year.   Read more »

OPEC, in major shift, says oil demand to plateau in late 2030s

Alex Lawler, Reuters
Posted at Oct 08 08:39 PM

World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.   Read more »

Presyo ng LPG tataas pagpasok ng Oktubre

ABS-CBN News
Posted at Sep 30 07:18 PM

Tataas ang presyo ng liquefied petroleum gas simula Huwebes, Oktubre 1. Read more »

OPEC turns 60 at 'critical moment' for virus-hit oil

Benoît Pelegrin, Agence France-Presse
Posted at Sep 27 01:09 PM

OPEC faces a critical moment in its 60-year history with the coronavirus crushing crude demand and prices, discord among its members, and threats from a world seeking cleaner fuels.   Read more »