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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Latest Daily Tribune news and analysis on oil storage unit.
‘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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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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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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‘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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Two of the detected tracks start exactly where the tankers Riesco and Kylo transmitted their last signals before being sunk.
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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…
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The Department of Agriculture seeks at least P300 million in 2027 to expand the Philippine palm oil industry, reduce import dependence and boost domestic…
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Iran said it would target tankers off US allies Kuwait and Bahrain in response to Tuesday’s US strikes.
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The DA is seeking P300 million in 2027 to expand palm oil production and reduce the Philippines’ dependence on imports.
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ASEAN is studying a proposed regional oil stockpiling initiative to strengthen energy security, with five member states expressing interest in creating…
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Bahri confirms that its vessel SIDR was involved in a security incident while transiting the Strait of Hormuz.
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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…
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Remolona said the Philippines should diversify its oil sources and establish strategic fuel reserves to reduce its exposure to supply shocks.
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Oman is working to contain an oil spill covering about 390 square kilometers near a protected marine reserve after a tanker ran aground off the southern coast.
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Motorists get major relief as gasoline, diesel and kerosene prices drop sharply this week, with cuts of up to nearly P5 per liter. Learn how much you can save…
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Sanctions include 100-percent tariffs on the five main importing countries of Russian gas and oil, including China and India.
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Gasoline and diesel prices are set to fall by up to ₱5 per liter next week as international oil prices drop and the peso strengthens against the US dollar.
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