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
Topic
Oil prices US-Iran conflict and global fuel supply
Latest Daily Tribune news and analysis on Oil prices US-Iran conflict and global fuel supply.
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.’
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Cebu drivers join transport strike
Piston Cebu will join a nationwide transport strike on September 29 over rising fuel and commodity prices, calling for fare hikes, tax cuts and fuel price…
· 1 MIN READ
Palace blasted over fuel tax tack
Sen. Bam Aquino is calling for the suspension of fuel excise taxes and VAT as high fuel prices continue to burden drivers, commuters, farmers, fisherfolk and…
· 2 MIN READ
Sapat na fuel subsidy isinusulong ni Bong Go
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Amid high fuel prices, bus company warns fares too low
Victory Liner urged the government to lift the suspension of an approved fare adjustment, citing rising fuel prices, VAT, fleet modernization costs and higher…
· 1 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
DoE sees fuel rollback, rules out return to P150/L level
International diesel prices have fallen by nearly $17 per barrel over the past trading days, reversing part of the surge that had pushed domestic pump prices…
· 2 MIN READ
Price-taker’s curse: Distant shocks and Filipino wallets
Like Tatooine at the Outer Rim, small economies such as the Philippines may seem far from the center of power, but they still get pulled into the consequences…
· 3 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.’
· 2 MIN READ
DOF awaits DOE nod for fuel tax suspension
The Department of Finance (DOF) said it is awaiting certification from the Department of Energy (DOE) that Dubai crude prices have breached the $80-per-barrel…
· 2 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.
· 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