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Oil halts slide as possible stockpile drop counters supply boost

Oil arrested losses near the lowest level in more than three weeks as investors weighed the prospect of shrinking U.S. inventories against more supply...

Oil firms to raise gasoline prices tomorrow

For the third straight week this month, oil companies will be raising the price of gasoline but at a lower rate of increase compared...

Oil falls as Saudis are said to offer extra crude to...

Oil retreated below $71 a barrel as Saudi Arabia was said to offer extra crude supplies to some customers following a plan to boost...

US stocks decline as oil tumbles, dollar rallies

US stocks fell as crude plunged the most in two years and the dollar spiked higher amid renewed tensions over trade and geopolitics. The S&P...

Oil falls as trade war escalates, Libya plans to resume supply

Oil fell below $74 a barrel after US President Donald Trump escalated a trade war with China, heightening fears that global economic growth could...

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...

There are fears about an oil spike above $150

Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is...

Trump ups pressure on OPEC to boost supply as oil holds...

Oil held near three-year highs on U.S. Independence Day as tight supplies at home and abroad overshadow a Saudi pledge to boost output. President...

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 set for weekly surge as Saudis fail to allay supply...

Oil surged this week by the most in two months as Saudi Arabia’s assurance of increased output failed to assuage concerns that disruptions from...

Why is Unioil Philippines building more e-vehicle charging stations in Metro...

UNIOIL Petroleum Philippines, Inc. has launched on Wednesday its second electric vehicle charging station at its outlet along the northbound side of EDSA in...

Oil trades near three-year high as Libya crisis tightens supply

US crude traded near the highest in 3 1/2 years as disruption at Libyan ports and a plunge in American stockpiles reinforced fears of...

Oil holds near $75 as Libyan port dispute adds to supply...

Brent crude traded near $75 a barrel as key Libyan oil ports were handed to a company rivaling the nation’s internationally recognized energy producer. The...

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...

US sanctions on Iran crude stir up a corner of the...

EFFECTS of the U.S. decision to renew sanctions on OPEC member Iran are already spreading beyond the world of crude to some corners of the oil market.

Oil declines as traders assess Trump tariffs and Libya outage

Oil fell to near $65 a barrel as traders assessed escalating tensions between the world’s two biggest economies as well as an upcoming OPEC...

Energy department asked to provide clarity on planned oil import

The Energy department should provide clarity on its plan to import oil from Russia and non-members of the Organization of the Petroleum Exporting Countries...

Oil prices drop for 2nd week

FOR THE second straight week, oil companies will be cutting the prices of petroleum products to reflect the movement of prices in the world market.

Qatar says will not ‘fuel a war’ against Iran

Singapore -- Qatar will not be dragged into any conflict with Iran, a senior Qatari official said Sunday. Defense minister Khalid bin Mohammad al-Attiyah told...

DOE: First shipment of imported oil from non-OPEC sources to arrive...

The Department of Energy (DoE) targets to receive in June the first shipment of oil from non-members of the Organization of the Petroleum Exporting...

US oil poised for weekly loss as record output weighs on...

Oil in New York headed for a second weekly loss as U.S. output surged, pushing the American marker to near its weakest level in...

Customs: Fuel-marking program under way

THE BUREAU of Customs (BoC) wants to implement the fuel- marking program by next month, as it seeks to cap more than half of the revenue leakages by yearend.

Oil drops after Saudi-Russia output revival plan rattles traders

Oil in New York headed for its longest run of losses since February after Saudi Arabia and Russia proposed raising production later this year. Futures...

DoE gives go-ahead to importing ‘cheaper’ diesel from Russia — Roque

Malacañang said on Tuesday, May 29, that the Department of Energy has given the green light to import “cheaper” diesel fuel from Russia. “May go...

Asia energy firms dive with oil, Trump-Kim hopes provide optimism

Hong Kong, China -- Energy firms plunged with oil prices in Asia Monday after Saudi Arabia and Russia signaled they could lift output, while...

Oil slumps as Saudis and Russia say reviving output on the...

Oil headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to...

Oil firms announce fuel price hike

Oil companies will be raising the prices of petroleum products this week, the third straight week that they will be doing so after a...

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 rises as Venezuela sanctions stoke crude supply risk concern

Oil extended gains as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines...

Local fuel prices at highest increase this year

OIL COMPANIES will impose this week the biggest price increase for gasoline products so far this year at P1.60 per liter (/L), with the...

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...

Chinese retail investors borrow to dominate oil futures market

BEIJING — As 9 p.m. approaches every weekday night in China, a small army of individual investors from around the country log onto trading...

Saudi, UAE oil ministers voice ‘concerns’ over price swings

Riyadh, Saudi Arabia -- The Saudi and Emirati energy ministers voiced concerns on Thursday over oil price fluctuations, saying they were determined to maintain...

Petron allots P15 billion for 2018 capex

Petron Corp. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said...

Pilipinas Shell, Phoenix Petroleum win supply bid for two power plants

The Power Sector Assets and Liabilities Management Corp. (PSALM) selected Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...

Oil prices extend rally

London, United Kingdom -- Oil prices rallied further Thursday, reaching fresh 3.5-year highs, as US President Donald Trump's decision to tear up the Iran...

PXP Energy trims net loss in Q1

PXP Energy Corp. has trimmed its net loss to P3.7 million in the first quarter, in part because of the higher petroleum revenues and...

DOE may require oil firms to disclose cost breakdown for fuel...

The Department of Energy (DoE) plans to be "stringent" in monitoring the prices of petroleum products by requiring oil companies to disclose the breakdown...

Petron books record first-quarter profit

Petron Corp. posted a consolidated net income of P5.8 billion in the first quarter, higher by 4% compared with the level a year ago...

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 pares monthly gain as US rigs counter Iran-deal risk

Oil fell as the US oil rig count rose for a fourth week, but was still poised for a second monthly advance. Futures in New...

Oil steadies as Trump unmoved by Macron push for new Iran...

Oil steadied amid signs that French President Emmanuel Macron was struggling in his push for a new deal that might prevent further US sanctions...

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...