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oil price update

Latest Daily Tribune news and analysis on oil price update.

  1. THE Philippine Coast Guard continues oil spill containment and recovery operations off Barangay Ipag, Mariveles, Bataan, on Friday.

    Oil spill hits Mariveles coastal waters

    The Philippine Coast Guard has contained and begun cleanup operations following a spill of around 25 liters of used oil that affected approximately 500 square…

  2. Gasoline hike hits P3.50 amid oil risks

    Gasoline hike hits P3.50 amid oil risks

    Gasoline prices in the Philippines rise by P3.50 per liter from November 3, while diesel drops by P1 and kerosene by P1.90 amid tight regional supply and…

  3. Gasoline hike hits P3.50 amid oil risks

    Gasoline hike hits P3.50 amid oil risks

    Gasoline prices surge by P3.50 per liter starting Tuesday, driven by tight regional supply and higher crude oil costs, while diesel prices drop by P1.00 per…

  4. Houthis ramp up attacks vs Saudi, Yemen

    Houthis ramp up attacks vs Saudi, Yemen

    The Houthis also launched attacks on the southern Khamis Mushait air base as well as ‘crude oil pumping stations and the crude oil pipeline from east to west.’

  5. BSP sees BoP deficits in 2026 and 2027

    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…

  6. An Austrian soldier stands outside the building headquarters of OPEC (Organization of the Petroleum Exporting Countries) in Vienna, Austria, as Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, issued a shock decision to substantially raise output by August.

    OPEC+ surprises with 548-K bpd output hike

    OPEC+ surprises markets with a larger-than-expected oil output hike of 548,000 bpd in August, potentially easing prices for import-reliant countries like the…