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
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Oil Dependence
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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
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.’
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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
PSEi falls as growth, oil concerns weigh
The PSEi fell 0.50 percent to 5,814.56 while the peso strengthened to P62.72 against the US dollar as investors weighed weaker growth prospects, higher oil…
· 1 MIN READ
Oil price breach opens door to excise tax relief
The DoE has triggered the process for possible petroleum excise tax relief after Dubai crude averaged $99.41 per barrel, above the $80 legal threshold.
· 2 MIN READ
Oil supply risks drive P5.68 fuel hike
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DoF awaits DoE nod for fuel tax suspension
‘The Secretary is just waiting for the certification from the Department of Energy that the price of Dubai Crude Oil has exceeded the threshold.’
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Likely oil slicks in Strait of Hormuz after tanker strikes
Two of the detected tracks start exactly where the tankers Riesco and Kylo transmitted their last signals before being sunk.
· 2 MIN READ
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…
· 2 MIN READ
Da seeks P300M to boost palm oil production
The Department of Agriculture seeks at least P300 million in 2027 to expand the Philippine palm oil industry, reduce import dependence and boost domestic…
· 1 MIN READ
U.S. says it destroyed five Iran oil tankers
Iran said it would target tankers off US allies Kuwait and Bahrain in response to Tuesday’s US strikes.
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DA seeks P300M to boost palm oil production
The DA is seeking P300 million in 2027 to expand palm oil production and reduce the Philippines’ dependence on imports.
· 1 MIN READ
ASEAN weighs regional oil stockpile amid supply risks
ASEAN is studying a proposed regional oil stockpiling initiative to strengthen energy security, with five member states expressing interest in creating…
· 2 MIN READ
Oil tanker attacked, two Filipinos killed
Bahri confirms that its vessel SIDR was involved in a security incident while transiting the Strait of Hormuz.
· 2 MIN READ
PSEi falls, peso hits fourth straight record low
The local bourse shed 40.66 points, reversing part of Tuesday’s 2.31-percent rebound even as the peso slumped to P62.56 from September 1’s P62.40 against the…
· 2 MIN READ
BSP: Oil, AI gaps hurt Phl
Remolona said the Philippines should diversify its oil sources and establish strategic fuel reserves to reduce its exposure to supply shocks.
· 2 MIN READ