OPEC+ production hike, new quotas loom
Crude oil production is likely to increase by 188,000 barrels per day.
· 1 MIN READ
Daily TribuneTopic
Crude oil production is likely to increase by 188,000 barrels per day.
· 1 MIN READ
The seven countries are widely expected to increase their quotas by 188,000 barrels per day.
· 2 MIN READ
Retail fuel prices are poised for an upward adjustment next week, potentially ending three consecutive weeks of diesel rollbacks and sustaining a second…
· 2 MIN READ
Since April, the V8 group — comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — has boosted production by…
· 3 MIN READ
Experts had initially expected a production hike of 137,000 bpd from November, which would mirror the October increase.
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Pump prices are expected to move in mixed directions for the second straight week, with gasoline likely to post a slight rollback while diesel and kerosene may…
· 2 MIN READ
Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting today, a move analysts say is…
· 2 MIN READ
Fuel-import-dependent nations, including the Philippines, may have a reason to rejoice next month after Saudi Arabia, Russia, and six other key members of the…
· 2 MIN READ
Saudi Arabia, Russia and six other members of the oil cartel announced over the weekend an output increase of 411,000 barrels a day for June, a month after a…
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The group had until recently been exploiting supply scarcity to boost prices
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Gasoline prices today increase by P0.70 per liter while diesel and kerosene prices are down by P1.15 per liter and P0.90 per liter, respectively. Price…
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Wall Street stocks resumed their upward climb Wednesday, while oil prices dropped with traders interpreting a delay to an OPEC+ summit as a sign of possible…
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