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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...

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 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...

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...

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...

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...

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...

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...

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...

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...

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 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 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...

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...

Pilipinas Shell profit climbs 26% in 2017

Pilipinas Shell Petroleum Corp. posted a net income of P10.4 billion in 2017, citing strong growth in retail volume and regional refining margins as...

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...

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...