Stocks pull back as oil prices surge
The retreat came amid renewed concern over surging global oil prices and their impact on inflation, particularly after Brent crude broke above $100 a barrel as…
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89,854 results for “US Iran conflict oil price surge”
DOTr vows continued assistance to drivers amid recurring oil price surge
The Department of Transportation (DOTr) pledges continued financial aid and relief measures for public transport drivers amid recurring oil price surges,…
ASEAN calls for ceasefire as US-Iran conflict intensifies
ASEAN foreign ministers have urged an immediate ceasefire as the US-Iran conflict intensifies, warning of rising risks to global trade, energy security and…
Diesel seen surging as conflict rattles oil markets anew
Diesel prices may climb P2 to P4 per liter next week amid tightening global supply, Russian export risks, and fresh Middle East tensions after US-Iran strikes…
Diesel surges anew as conflict rattles oil markets
Diesel prices in the Philippines are set for another sharp hike next week as Middle East tensions, Strait of Hormuz risks and tighter global fuel supplies…
Balikatan fuel use largely unaffected by global oil price surge, advance planning eased impact
Balikatan 2024 fuel use remains largely stable despite a global oil price surge, as Philippine, US, Japanese and Canadian forces rely on advance fuel…
DOST pushes electric trikes as oil prices surge
The Department of Science and Technology (DOST) is urging Philippine LGUs to adopt electric tricycles as oil prices surge, highlighting fast-charging,…
Gov’t allays oil-driven food price surge fears
The Philippine government is moving to allay fears of an oil-driven food price surge, with Agriculture Secretary Francis Tiu Laurel Jr. stressing that extreme…
Bam Aquino pushes fuel tax suspension, targeted aid amid oil price surge
Senator Bam Aquino urges immediate fuel excise tax suspension and faster, targeted aid to support transport workers, MSMEs, and vulnerable middle-class…
Phl plans oil buffer as prices surge – DOF
The Philippine government plans to secure up to two million barrels of fuel to mitigate supply disruptions and rising prices caused by escalating tensions in…
Youth groups protest against gov't's lackluster measures against surging oil prices
Student activists stage a protest in front of a gas station in Manila, demanding the government to remove oil excise and VAT taxes amid the rising fuel prices…
Oil prices surge as supply fears offset IEA's record stockpile release
Oil prices soar as geopolitical tensions in the Middle East overshadow the IEA's record stockpile release, raising fears of a prolonged economic impact.…
Makabayan bloc pushes urgent action vs soaring oil prices amid US-Israel war on Iran
The Makabayan bloc calls for urgent government action as oil prices surge following the US-Israel war on Iran, urging the passage of the Presyo Ibaba Bill and…
New MidEast crisis will send oil prices off charts: Escalation of conflict feared
Trump made clear the goal was the destruction of the Islamic Republic’s military and the toppling of the authorities in power since the 1979 revolution.
Oil prices surge amid ME conflict
The balance between global oil supply and demand is presently unequal, which also adds to the fear of sustained price hikes