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Oil Industry Management Bureau

Latest Daily Tribune news and analysis on Oil Industry Management Bureau.

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.’
27 September 20263 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…
23 September 20261 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.
15 September 20262 MIN READ
Oil supply risks drive P5.68 fuel hike
14 September 20262 MIN READ
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.’
13 September 20262 MIN READ
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.
12 September 20262 MIN READ