Hormuz closure threatens summer fuel scarcity
Global oil inventories are rapidly depleting ahead of peak summer oil demand in the Northern Hemisphere.
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Daily TribuneTopic
Global oil inventories are rapidly depleting ahead of peak summer oil demand in the Northern Hemisphere.
· 2 MIN READ
Food delivery platform foodpanda is bringing back its Pro Weeks promotion in June, offering exclusive discounts to subscribers as households continue to…
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Pessimism among businesses intensified in April as rapidly rising inflation, higher oil prices, and economic uncertainty stemming from the Middle East conflict…
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Fuel prices are expected to decline sharply after nearly a month of consecutive increases, as easing concerns over Middle East supply disruptions weigh on…
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For decades, the Philippines approached energy security largely through the logic of globalization: import what is needed, rely on international markets, and…
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Pump prices for petroleum products are expected to rise again next week, with diesel and gasoline likely to see fresh hikes amid the tight global supply and…
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Six weeks since a fragile ceasefire took effect, talks to end the war have made little progress.
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MOSCOW (REUTERS) — Russia said on Thursday that it would provide active support to Cuba despite attempts by the United States to intimidate and tighten the…
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Residents in Metro Manila and Metro Cebu can now have world-famous Guimaras mangoes delivered directly to their doorsteps in celebration of the island…
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LONDON, United Kingdom (AFP) — The UK government said Wednesday that it had eased sanctions on imports of Russian jet fuel and diesel refined in third…
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SEOUL, South Korea (AFP) — A South Korean oil tanker is currently passing through the Strait of Hormuz, the country’s top diplomat said on Wednesday, marking…
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The Philippine Stock Exchange Index (PSEi) extended its decline on Tuesday while the peso held steady at the record low of P61.75 posted a day earlier,…
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The Philippine Stock Exchange index (PSEi) extended its decline on Monday, falling 35.25 points or 0.59 percent to 5,941.52, as investors remained cautious…
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MISAMIS ORIENTAL — Authorities from the Philippine National Police-Criminal Investigation and Detection Group Regional Field Unit 10 (PNP-CIDG RFU 10) seized…
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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,…
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Hongkong and Shanghai Banking Corporation (HSBC) has cautioned that the Philippines is increasingly showing signs of stagflation as soaring oil prices and…
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The proposed $1.75-billion financing package comes on top of some $2 billion in policy-based loans already being prepared by the multilateral lender for the…
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