BSP sees BoP deficits in 2026 and 2027
‘These deficits highlight the shock from elevated oil and commodity prices, which continue to weigh on the country’s external position.’ — Bangko Sentral ng…
· 2 MIN READ
Topic
Oil
Oil and petroleum news — global prices, local pump rates, and energy-market developments affecting transport and households.
Pump prices split as gasoline rises, diesel falls
Fuel prices shift as gasoline rises by P1.56 per liter while diesel drops by P3.01 per liter, offering relief to transport operators and businesses. Kerosene…
· 2 MIN READ
Trump hails Russia deal releasing diesel
President Volodymyr Zelensky criticized Trump for an ‘unworthy’ and ‘weak’ move.
· 2 MIN READ
Trump rules out new Iran attack before midterm polls
‘We are having productive discussions with the Islamic Republic of Iran.’
· 2 MIN READ
Asia energy ministers push stronger regional supply security
Energy ministers of ASEAN member economies, Australia, and Japan attending the fourth Asia Zero Emission Community Ministerial Meeting in Manila on 8 October…
· 2 MIN READ
PNOC studies Batangas wind hub
AbaCore Capital Holdings Inc subsidiary SEDCO has signed a second amendment to its memorandum of agreement with PNOC covering the conduct of a wind resource…
· 2 MIN READ
Phl eyes diesel phase-down for 30% oil cut by 2030
The Philippines unveils an ambitious plan to cut oil reliance by 30% by 2030, focusing on reducing diesel use in industries, farms, and island communities…
· 1 MIN READ
PNOC studies turning 142-ha Batangas site into energy hub
Explore how Simlong Energy Development Corp. and PNOC are evaluating a 142-hectare Batangas site for wind energy potential, paving the way for a transformative…
· 1 MIN READ
Golden Fiesta brings heart health campaign to communities
Golden Fiesta Canola Oil partners with the Philippine Heart Center for a nationwide campaign promoting heart health through free screenings, nutrition…
· 2 MIN READ
CamSur overturned tanker’s driver located
Police located the driver of an overturned tanker truck that crashed into a house in Camarines Sur, while hazardous material recovery and road clearing…
· 1 MIN READ
Gasoline climbs as diesel gets relief
Gasoline prices in Metro Manila are set to rise, nearing P100 per liter, while diesel users get relief with a P1.30 per liter rollback. Kerosene prices also…
· 2 MIN READ
Houthi claims of attack on Saudi capital 'misleading,' coalition says
The Houthis claimed the attack on the oil facility near Riyadh.
· 2 MIN READ
Oil tankers attacked
Two oil tankers were struck by unidentified projectiles near the Strait of Hormuz, according to UK maritime authorities, raising fresh concerns over shipping…
· 1 MIN READ
PSEi extends losing streak to four sessions
The PSEi fell for a fourth straight session as investors weighed the BSP’s forecast of September inflation reaching 6.4% to 7.4%. The peso also weakened amid…
· 2 MIN READ
Phl factory activity posts first decline since April
‘Filipino manufacturers reported a notable impact from high oil prices, strong international competition and weak demand during September.’
· 2 MIN READ
Regain state control on oil, think tank urges
‘The government should be able to control local oil prices and should not have to pass the burden of rising global prices on to consumers.’
· 3 MIN READ
Diesel prices seen plunging by up to P7.50/L
Diesel prices could fall by as much as P7.50 per liter next week, potentially wiping out most of this week’s sharp increase as global oil supply concerns ease.
· 2 MIN READ