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Pump prices going up again

Consumers will have to bear another increase in pump prices this week, although milder the price adjustments in the previous week. Gasoline prices will rise...

Fuel prices to increase tomorrow, July 3

The prices of gasoline, diesel and kerosene will all increase this week to follow the movement of prices in the international market, oil companies...

Oil firms to lower fuel prices tomorrow, June 26

Oil companies will roll back the prices of petroleum products this week, with gasoline having the biggest cut at P1.15 per liter. Diesel will be...

DoE to call for fuel tax suspension when average oil prices...

The tax reform law has a mechanism that calls for the Energy department to prompt the suspension of another increase in taxes imposed on...

Oil gains near $72 as world’s top economies reach trade truce

Oil advanced near $72 a barrel as an economic truce between the U.S. and China eased fears of a trade war, and before a...

Oil firms to raise fuel prices tomorrow

Oil companies will impose this week the biggest price increase for gasoline products so far this year at P1.60 per liter, with the prices...

Gas, diesel prices up by more than P1

OIL COMPANIES are raising the prices of gasoline and diesel this week by more than a peso per liter in one of the biggest...

Oil trades above $70 as market awaits Trump call on Iran...

US oil rose above $70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on...

Oil firms to roll back fuel prices tomorrow

Oil companies will be rolling back the cost of petroleum products this week to reflect the movement of prices in the international market. Kerosene will...

Oil drops with other commodities as US softens Rusal stance

Oil fell along with other commodities after the U.S. Treasury softened its stance on sanctions that crippled a giant Russian aluminum producer and disrupted...

Oil’s rally on political risks sustained by US inventory drop

Signs of waning U.S. oil inventories are helping sustain price gains after supply threats stemming from geopolitical tensions lifted crude last week to the...

Oil steadies as OPEC signaling deal extension stokes optimism

Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism and investors anticipated a...

Oil firms to hike fuel prices on Tuesday

After last week's price cut, oil companies this week will raise the prices of petroleum products to reflect the movement of prices in the...

Oil firms to cut gasoline, diesel prices tomorrow, April 10

After two straight weeks of big price increases, oil companies this week will be cutting the cost of gasoline and diesel while keeping unchanged...

Phoenix Petroleum’s market share increases to 6.2%

Phoenix Petroleum Philippines, Inc. has expanded its share in the local petroleum industry, cornering 6.2% of the market as of end-2017 and posting the...

Fuel prices to go up this week

GASOLINE, diesel and kerosene prices will increase this week, oil companies said on Monday, April 2, pointing to the movement of prices in the...

Electric cars may be cheaper than gas guzzlers in seven years

Electric cars may be cheaper than their petroleum counterparts by 2025 if the cost of lithium-ion batteries continues to fall. Some models will cost the...

Rollback for fuel prices tomorrow

Oil companies are rolling back the price of petroleum products this week after two straight weeks of increases. Gasoline will be reduced by P0.35 per...

Oil trades below $62 as US stockpiles climb more than expected

Oil traded below $62 a barrel after falling the most in almost three weeks as U.S. data showed inventories and supplies both surged, amplifying...

BSP sees even faster Feb. inflation

INFLATION may have picked up further in February to settle above four percent as prices reflect the full impact of higher levies under the...

Inflation likely to pick up pace in next two months —...

Inflation will likely peak at 4.5% over the next two months as it reels from the impact of higher crude prices and new taxes...

Saudis see oil output cuts easing in 2019 without hurting market

OPEC and its allies including Russia may next year ease the crude-output curbs that have helped prices recover from the worst crash in a...

Pryce Corp. net income up 29% on higher LPG sales

Pryce Corp. (PPC) posted a 29% increase in net income in 2017 to P1.25 billion, driven by higher revenues from sales of liquefied petroleum...

Fuel prices to drop tomorrow, Feb. 13

After seven straight weeks of price increases, oil companies this week will be cutting the price of diesel and kerosene by P1.30 per liter...

Fuel prices up this week

OIL COMPANIES are raising the prices of petroleum products this week to reflect the movement of prices in the international market. Gasoline products will...

Anticipated fuel price hikes start off new year

OIL COMPANIES will be raising the prices of petroleum products this week at rates generally milder than what consumers feared in view of the...

Oil prices drop this week

OIL COMPANIES are cutting the prices of petroleum products this week after more than a month of increases. Gasoline will be down by P0.50...

Fuel prices resume hike

PRICES of petroleum products resume their increase this week after last week’s break, with gasoline posting the biggest rise at P0.90 per liter (/L)​....

Most Texas quakes likely caused by oil, gas activities: study

OIL AND gas activities may have caused nearly nine in 10 of the earthquakes Texas has experienced in the past 40 years, and the...

$20 oil no longer a mirage as world confronts 12-year low

THE WORLD mostly ignored Ed Morse 11 months ago when the head of commodities research at Citigroup said oil could drop as low as...