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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...

Fuel prices resume climb

AFTER LAST week’s price cut, oil companies will again raise the prices of petroleum products this week to reflect rates movement in the international...

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 rises after Xi’s speech on optimism US-China spat may ease

Oil advanced above $64 a barrel after Chinese President Xi Jinping’s conciliatory tone in a closely watched speech raised hopes that U.S.-China trade tensions...

Oil trades below $63 as investors assess US-China trade battle

Oil’s decline slowed after prices fell to an almost three-week low as investors continued to evaluate the potential impact of an escalating trade conflict...

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...

Oil thwarted by trade war fears as Trump doubles down on...

Oil headed for its worst week in more than a month after U.S. President Donald Trump called for tariffs on more Chinese goods, souring...

Oil holds near $63 as crude stocks drop, trade tensions abate

Oil held near $63 a barrel after U.S. crude stockpiles declined and trade tensions between the U.S. and China showed tentative signs of easing. Futures...

Oil falls to two-week low as China retaliates in US trade...

Oil fell after China said it would levy tariffs on $50 billion of U.S. imports in retaliation against measures by President Donald Trump, fanning...

Oil holds loss as trade war fears spread in oversupplied market

Oil held losses below $64 a barrel as the risk of a trade war between China and the US rattles a market that’s already...

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...

Oil extends rally after US rigs decline as Iran risks persist

Oil’s rally above $65 a barrel is being propelled by a sign that American explorers have curtailed drilling activity as well as speculation that...

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...

OPMC shareholders approve venture into natural gas

Listed oil exploration company Oriental Petroleum and Minerals Corp. (OPMC) has secured the approval of its stockholders to venture into the upstream and downstream...

Oil advances as easing trade tensions counter oversupply fears

Oil traded above $65 a barrel as global trade tensions showed signs of easing, countering concerns that U.S. crude stockpiles may have resumed their...

Oil erases gains as traders shrug off rising Middle East tension

Oil fell, erasing earlier gains, as investors shrugged off concerns over geopolitical risks after Saudi Arabia intercepted ballistic missiles fired by Houthi forces in...

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...

Shell sets P4.29 billion capex for 2018

Pilipinas Shell Petroleum Corp. has earmarked P4.289 billion as capital expenditure for 2018 to cover the year's outlay for its retail as well as...

Oil rises toward $63 as OPEC cuts weighed against US supplies

Oil climbed to a two-week high as output curbs by OPEC and its allies continued to deplete the remnants of a global supply surplus. Futures...

Oil slips as US shale fears untempered by Russian reassurance

Oil slipped as U.S. explorers resumed their drilling binge, raising concerns over whether output cuts by OPEC and its allies will be enough to...

Oil’s near $62 as US jobs fan optimism, rig drop eases...

Signs of strength in the U.S. economy and data showing American explorers curtailed drilling activity is helping oil hold gains after its biggest jump...

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 optimism eases as US shale fears counter demand hopes

Optimism in the oil market that lifted prices by the most in almost three weeks eased as investors assessed the outlook for consumption against...

Oil rises as Libya’s biggest field briefly halts on pipe closure

Oil rose after its steepest weekly loss in a month as Libya was said to halt production briefly at its biggest field. Futures in New...

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...

Oil set for first monthly drop since August on US stock...

Oil is poised for its first monthly decline in half a year as January’s rally fades on growing fears over booming U.S. shale supply. Futures...

PXP Energy net loss widens to P39 million in 2017

PXP Energy Corp. reported a consolidated net loss of P39.1 million in 2017, bigger than the P22.4 million a year earlier, the company told...

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...

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...

Inflation rate expected to stay elevated

By Melissa Luz T. Lopez Senior Reporter and Elijah Joseph C. Tubayan Reporter INFLATION in the last two months of the year could match October’s pace, a senior...

IEA sees Southeast Asia oil demand growing till 2040

SINGAPORE -- Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to...

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...

Gasoline price steady; diesel and kerosene up

FOR THE second straight week, the price of gasoline will be unchanged while that of diesel will rise by P0.45 per liter (/L) to...

Joint exploration prospects improve amid warming relationship with China — BMI

IMPROVING ties between the Philippines and China have increased the prospect for joint exploration in the resource-rich South China Sea, offering better prospects for...

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)​....

Economists’ inflation views ease

BANK ECONOMISTS tempered their inflation forecasts for the year in the face of lower oil and utility prices, according to results of a recent...

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...

Inflation rate as of March 2016

Philippines' headline inflation rates in March 2016

$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...