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Iran s Navy Seizes Oil Tanker in Gulf of Oman
DUBAI, UNITED ARAB EMIRATES - Iran's navy seized an oil tanker on Thursday in the Gulf of Oman that once was at the center of a major crisis between Tehran and Washington, officials said. The seizure further escalates tensions in the Mideast waterways.The vessel was once known as the Suez Rajan and was involved in a yearlong dispute that ultimately saw the U.S. Justice Department seize 1 million barrels of Irani.....»»
Vietnam Objects to China s Expanded Reach in Gulf of Tonkin
washington - Vietnam is crying foul over a Chinese bid to redefine its coastal waters in the Gulf of Tonkin, a waterway at the northern end of the South China Sea lying between China's Hainan Island and Vietnam.Beijing's delineation of a new baseline in the gulf was declared earlier this month. Under the U.N. Convention on the Law of the Sea (UNCLOS), a country's baseline is essentially its shoreline at low tide.....»»
Race for global economic dominance sees striking turn of fortunes - ex-IMF official
The assumption that China will eventually overtake the US as the world's largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe's largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperfo.....»»
Argentina permitted to tap IMF bailout
The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund anno.....»»
Bitcoins Sell The Fact Pullback Came From Exchanges: Kaiko
Title: Analysts Predict Further Price Drop for Cryptocurrencies; Investors Brace for Potential Losses As the cryptocurrency market faces ongoing volatility, analysts are predicting a further.....»»
Red Sea, Gulf of Aden eyed as warlike zones
Amid escalating conflict and the recent death of two Filipino seafarers in a Houthi rebel missile attack, the Philippine government is strongly pushing for the declaration of the Southern Red Sea and Gulf of Aden as a warlike zone......»»
US-Led Coalition Shoots Down 15 Yemen Rebel Drones, CENTCOM Says
Dubai, UAE - U.S. and allied forces shot down 15 one-way attack drones fired by Iran-backed Yemeni rebels into the Red Sea and Gulf of Aden on Saturday, the U.S. military said.Shortly afterwards, the rebels claimed the attack, saying they had fired missiles at an 'American' commercial ship and launched drones at U.S. warships in 'the Red Sea and Gulf of Aden.'It was one of the Houthi's largest attacks sin.....»»
US-Led Coalition Shoots Down 15 Yemen Rebel Drones, CENTCOM Says
Dubai, UAE - U.S. and allied forces shot down 15 one-way attack drones fired by Iran-backed Yemeni rebels into the Red Sea and Gulf of Aden on Saturday, the U.S. military said.Shortly afterwards, the rebels claimed the attack, saying they had fired missiles at an 'American' commercial ship and launched drones at U.S. warships in 'the Red Sea and Gulf of Aden.'It was one of the Houthi's largest attacks sin.....»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
Loss of Russian gas has hurt German economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Losing Russian gas has hurt Germany s economy - minister
The country is now in a "particularly" difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU's top economy benefited from cheap Russ.....»»
Oil price hike set on April 9
Oil firms will observe an increase in oil prices in the second week of April......»»
Mixed adjustments in oil prices set before Holy Week
Oil firms will implement mixed adjustments in oil prices on Tuesday, ahead of Holy Week. .....»»
Oil price cut set on March 12
Oil firms will implement a decrease in oil prices on March 12......»»
Oil prices to go down on March 12
Oil firms will observe a decrease in oil prices on March 12......»»
Mindoro MPAs still exceed grease limits nearly a year after oil spill — study
Residents and environmental advocates renewed their call for accountability and legal protection for the Verde Island Passage as oil and grease levels remained high in several protected areas a year after the oil spill in Oriental Mindoro......»»
Oil price hike expected on February 20
After last week’s price rollback, another oil price hike is expected to be implemented by oil firms next week......»»
Oil Prices Set to Drop After 5 Weeks of Increases
Oil companies to reduce fuel prices on Tuesday, following five consecutive weeks of price increases. Oil prices in Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell are expected to roll back to PHP 0.60 per liter of gasoline and PHP 0.10 per liter of diesel. Meanwhile, Caltex, Seaoil, and Shell are also set to lower […].....»»
Oil price rollback expected next week
Lower pump prices for petroleum products are expected next week, with the Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimating an oil price decrease of around P1 to P1.20 per liter for gasoline, P0.40 to P0.60 per liter for diesel, and P0.45 to P0.65 per liter for kerosene......»»
5th oil price hike set February 6
Oil firms will implement an oil price hike for the fifth straight week......»»