'Massive' drone attack kills one, hits oil sites
City authorities said the attack also disrupted flights at Saint Petersburg's main airport.
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Topic
oil production
Latest Daily Tribune news and analysis on oil production.
Defying Trump, Zelensky says will keep hitting Russian refineries
Ukraine had attacked an oil refinery in Ryazan, south of the capital, Moscow.
· 2 MIN READ
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…
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Trump: Greenland exploration ready
‘The amount of easily available Oil is far greater than that of almost... anywhere in the World.’
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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…
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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
Houthi claims of attack on Saudi capital 'misleading,' coalition says
The Houthis claimed the attack on the oil facility near Riyadh.
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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…
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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.’
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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…
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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.
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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.
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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