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oil storage unit

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  1. ADB offers additional $1.75-B lifeline amid oil crisis

    ADB offers additional $1.75-B lifeline amid oil crisis

    The proposed $1.75-billion financing package comes on top of some $2 billion in policy-based loans already being prepared by the multilateral lender for the…

    Raffy Ayeng,Toby Magsaysay,Jason Mago · 15 May 2026 · 2 min read

  2. Towards a global food shortage

    Towards a global food shortage

    Never in the history of mankind has there been a need on a planet level to alleviate poverty, share with our neighbors, fend off anarchy, and develop…

    Bernie V. Lopez · 15 May 2026 · 3 min read

Global oil jitters spark fuel hike fears anew; diesel seen up P2.50/L

Global oil jitters spark fuel hike fears anew; diesel seen up P2.50/L

Motorists should brace for another round of fuel price hikes next week, with diesel poised for a hefty increase as fresh Middle East tensions and tightening…

Maria Bernadette Romero · 15 May 2026 · 2 min read

  • Peso sinks to new low as market climbs past 6,000

    Peso sinks to new low as market climbs past 6,000

    The local currency slid to another record low against the US dollar on Thursday even as the Philippine Stock Exchange Index (PSEi) surged back above the 6,000…

    Toby Magsaysay · 14 May 2026 · 2 min read

  • Nations drawing down oil stocks at record pace

    Nations drawing down oil stocks at record pace

    PARIS, France (AFP) — Countries are tapping into oil inventories and strategic reserves at a “record pace” due to the “unprecedented” supply disruptions caused…

    Agence France-Presse · 14 May 2026 · 1 min read

  • Italy sending minesweepers closer to Gulf region

    Italy sending minesweepers closer to Gulf region

    The US has also accused Iran of laying mines in the Strait of Hormuz.

    Agence France-Presse · 13 May 2026 · 2 min read

  • CALABARZON braces for oil price shock

    CALABARZON braces for oil price shock

    Government agencies in CALABARZON are stepping up efforts to shield businesses and consumers from the worsening impact of the global oil crisis, as surging…

    Mico Virata · 13 May 2026 · 2 min read

  • UAE main gas complex full capacity seen

    UAE main gas complex full capacity seen

    Dubai — The United Arab Emirates’ (UAE) main gas-processing complex, one of the world’s largest, will not resume full capacity until next year, its operator…

    Agence France-Presse · 12 May 2026 · 1 min read

  • PNP units neutralize unexploded ordnance

    PNP units neutralize unexploded ordnance

    Philippine National Police (PNP) explosive ordnance and K9 units successfully recovered and disposed of a cache of unexploded ordnance and hazardous materials…

    Jonas Reyes · 12 May 2026 · 1 min read

  • Market, peso fall as optimism wanes

    Market, peso fall as optimism wanes

    The Philippine Stock Exchange index (PSEi) slipped 14.87 points, or 0.25 percent, to close at 5,971.98, as investor sentiment weakened amid fading optimism…

    Toby Magsaysay · 12 May 2026 · 2 min read

  • PNOC-EC sells 45M liters of diesel for off-grid power

    PNOC-EC sells 45M liters of diesel for off-grid power

    The Philippine National Oil Company–Exploration Corp. (PNOC-EC) will sell 45 million liters of government-procured diesel over the next three months to support…

    Maria Bernadette Romero · 11 May 2026 · 2 min read

  • UK sending warship for Hormuz mission

    UK sending warship for Hormuz mission

    LONDON, United Kingdom (AFP) — The UK will send a destroyer to the Middle East ahead of any international mission to help protect shipping in the key Strait of…

    Agence France-Presse · 10 May 2026 · 2 min read

  • F1 tilts back to combustion

    F1 tilts back to combustion

    Paris, France (AFP) — Formula One bosses have responded to the criticism of this season’s power unit modifications by agreeing to “further evolutionary…

    DT · 10 May 2026 · 1 min read

  • Market, peso, slump amid renewed tensions

    Market, peso, slump amid renewed tensions

    Market sentiment turned cautious after fresh reports of military exchanges between the US and Iran near the Strait of Hormuz. The peso weakened slightly,…

    Toby Magsaysay · 8 May 2026 · 2 min read

  • Phl oil supply at its highest — Garin

    Phl oil supply at its highest — Garin

    Department of Energy Secretary Sharon Garin said Thursday the country’s oil supply is nearing maximum storage capacity amid continued uncertainty in the global…

    Dannah Macapagal · 7 May 2026 · 1 min read

  • World awaits Iran’s response to peace deal

    World awaits Iran’s response to peace deal

    ‘We’ve had very good talks over the last 24 hours, and it’s very possible that we’ll make a deal.’

    Agence France-Presse · 7 May 2026 · 2 min read

  • Greed, failures feed pain

    Greed, failures feed pain

    For decades, the country has pinned its hopes on foreign investments and open markets to drive development. Record inflows of over $100 billion last year were…

    DT · 6 May 2026 · 3 min read

  • Petron profit falls 56% to P1.8B on shutdowns, oil shock

    Petron profit falls 56% to P1.8B on shutdowns, oil shock

    Petron Corp.’s first-quarter net income fell 56 percent to P1.8 billion from P4 billion a year earlier, dragged by refinery disruptions and a sharp surge in…

    Maria Bernadette Romero · 5 May 2026 · 2 min read

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