Peso slide deepens on oil shock, trade gap
FPI chair Elizabeth Lee says geopolitical risks, higher oil prices and the Philippines' widening trade deficit are adding pressure on the peso.
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37,526 results for “Global oil trade”
FPI chair Elizabeth Lee says geopolitical risks, higher oil prices and the Philippines' widening trade deficit are adding pressure on the peso.
Motorists get major fuel price relief this week as gasoline, diesel and kerosene prices fall by up to P4.88 per liter, though global oil market volatility…
Motorists get major relief as gasoline, diesel and kerosene prices drop sharply this week, with cuts of up to nearly P5 per liter. Learn how much you can save…
‘The industry is starting to stabilize, and I think it’s now just a matter of adjustment until we get back to pre-war price levels, but it won’t happen in a…
The Department of Energy says the worst of the oil price spike is over as global markets stabilize, with gasoline, diesel and kerosene prices set for mixed…
Global oil prices climbed for a second straight session as Middle East tensions escalated, with Brent nearing $97 and WTI above $94. Renewed hostilities…
Industry estimates show diesel prices could jump by P2 to P2.50 per liter by Tuesday morning, while gasoline prices may climb by P0.75 to P1.25 per liter,…
The International Energy Agency warns global oil supply could drop by 3.9 million bpd as disruptions in the Strait of Hormuz deplete inventories and push…
Balikatan 2024 fuel use remains largely stable despite a global oil price surge, as Philippine, US, Japanese and Canadian forces rely on advance fuel…
Senator Imee Marcos urges swift passage of a bill raising income tax exemption to P500,000 and tax-free bonuses to P200,000, aiming to help Filipinos cope with…
The Philippines becomes the first country to declare a national energy emergency, as President Marcos activates EO No. 110 to secure fuel supply amid rising…
The Philippines is exploring alternative oil suppliers, including Russia, as Middle East tensions disrupt global oil markets. Officials aim to secure fuel…
Oil prices dropped nearly 2% in Asian trade after recent gains fueled by Middle East tensions, as investors watch developments around the Strait of Hormuz.
Iraq faces its worst water crisis in decades as the Tigris and Euphrates shrink, prompting a controversial oil-for-water deal with Turkey amid drought, climate…
Gasoline, diesel and kerosene prices may rise next week due to ‘renewed concerns over supply disruptions following US President Trump’s sanctions on Russia and…
