Oil prices surge as supply fears offset IEA's record stockpile release
Oil prices soared Thursday and stocks sank as Iran struck two tankers in Iraq and threatened to bring down the global economy, overshadowing a record release…
· 3 MIN READ
Daily TribuneTopic
Oil prices soared Thursday and stocks sank as Iran struck two tankers in Iraq and threatened to bring down the global economy, overshadowing a record release…
· 3 MIN READ
Japan will release strategic oil reserves as early as Monday, Prime Minister Sanae Takaichi said, a unilateral move by the import-dependent Asian economy…
· 2 MIN READ
‘Every day, some can return home, but there have been delays.’
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Lawmakers received assurances on Wednesday that the government is financially prepared to assist overseas Filipino workers (OFWs) and support their…
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The ongoing tension in the Middle East is fueling fear and volatility in the local fuel market. The Philippines, which imports nearly all of its diesel and…
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WASHINGTON, United States (AFP) — The United States has not escorted any oil tanker through the Strait of Hormuz, the White House said Tuesday, after the…
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PANAMA CITY, Panama (AFP) — Chinese shipping giant Cosco said Tuesday that it is suspending operations at a Panama Canal port amid an ongoing row between the…
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The silver lining is that countries reliant on specific sectors may diversify their economies to make them more resilient to future shocks.
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The ongoing crisis cannot be separated from the coordinated attacks by militant group Hamas that Israel said were backed by Iran.
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For heavily import-dependent economies, like the Philippines, the effect is amplified.
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The House of Representatives on Wednesday approved on second reading a measure authorizing President Ferdinand “Bongbong” R. Marcos Jr. to temporarily suspend…
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Philippine equities extended their gains on Wednesday, with the Philippine Stock Exchange index (PSEi) closing at 6,158.33, up 31.67 points or 0.52 percent.
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President Ferdinand “Bongbong” R. Marcos Jr. has ordered the immediate distribution of a P5,000 fuel subsidy to public utility drivers affected by rising fuel…
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Department of Social Welfare and Development Secretary Rex Gatchalian together with members of other government agencies announced this Wednesday that a P5,000…
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Transport groups on Wednesday assured the House of Representatives that they would maintain current fares despite the sharp increase in fuel prices on Tuesday.
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Amid rising prices of fossil-based commodities triggered by the conflict in the Middle East, the Institute for Climate and Sustainable Cities (ICSC) urged the…
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Overseas Filipino Workers (OFWs) caught abroad by the ongoing war are facing challenges returning home, according to Department of Migrant Workers (DMW)…
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‘The ongoing conflict in the Middle East has resulted in the disruption of liquefied natural gas shipments through the Strait of Hormuz.’
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