Nations drawing down oil stocks at record pace
PARIS, France (AFP) — Countries are tapping into oil inventories and strategic reserves at a “record pace” due to the “unprecedented” supply disruptions caused…
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Daily TribuneTopic
PARIS, France (AFP) — Countries are tapping into oil inventories and strategic reserves at a “record pace” due to the “unprecedented” supply disruptions caused…
· 1 min read
The US has also accused Iran of laying mines in the Strait of Hormuz.
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International Energy Agency warned on Wednesday that global oil supply could decline by 3.9 million barrels per day because of the ongoing conflict in the…
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Government agencies in CALABARZON are stepping up efforts to shield businesses and consumers from the worsening impact of the global oil crisis, as surging…
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Dubai — The United Arab Emirates’ (UAE) main gas-processing complex, one of the world’s largest, will not resume full capacity until next year, its operator…
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The Philippine Stock Exchange index (PSEi) slipped 14.87 points, or 0.25 percent, to close at 5,971.98, as investor sentiment weakened amid fading optimism…
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The Philippine National Oil Company–Exploration Corp. (PNOC-EC) will sell 45 million liters of government-procured diesel over the next three months to support…
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LONDON, United Kingdom (AFP) — The UK will send a destroyer to the Middle East ahead of any international mission to help protect shipping in the key Strait of…
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Market sentiment turned cautious after fresh reports of military exchanges between the US and Iran near the Strait of Hormuz. The peso weakened slightly,…
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The country’s foreign reserves fell to a 15-month low as the Bangko Sentral ng Pilipinas (BSP) battled a weakening local currency.
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Department of Energy Secretary Sharon Garin said Thursday the country’s oil supply is nearing maximum storage capacity amid continued uncertainty in the global…
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‘We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal.’
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For decades, the country has pinned its hopes on foreign investments and open markets to drive development. Record inflows of over $100 billion last year were…
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Petron Corp.’s first-quarter net income fell 56 percent to P1.8 billion from P4 billion a year earlier, dragged by refinery disruptions and a sharp surge in…
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Global oil prices remain at levels that continue to exert upward pressure on domestic fuel and transport costs.
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The Philippine Stock Exchange Index (PSEi) slipped to 5,898.08, down 0.74 percent, as investor sentiment turned cautious following a hotter-than-expected…
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A parallel I see is the way our own political playbook is repeated over and over again.
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The most likely near-term scenario is more of the same: the conditional ceasefire extended pending talks, with almost no shipping through the Strait of Hormuz,…
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