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Global oil demand to grow by 1.9 million bpd in 2024
LONDON (Reuters) -Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by energy research company Wood Mackenzie, a forecast close to the Organisation of the Petroleum Exporting Countries’ (OPEC) estimate for 2024. In remarks shared with delegates at a Wood Mac briefing on Wednesday during the.....»»
Oil prices hit fresh five-month high
Oil prices scored fresh five-month peaks Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output......»»
Oil price cut set on March 12
Oil firms will implement a decrease in oil prices on March 12......»»
US threatens Turkish businesses over Russia trade
American officials have reportedly visited Trkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. .....»»
'India, Russia have taken extra care to look after each other s interests': EAM Jaishankar
Singapore, March 25 (ANI): External Affairs Minister S. Jaishankar on Sunday stressed that Russia is a country with which India has always had a positive relationship. While addressing the members of the Indian Community in Singapore, Jaishankar said that both countries have taken extra care to look after each other's interests. "I will ask myself...Has Russia helped us or harmed us?...Are there gains to be made from Russ.....»»
'India, Russia have taken extra care to look after each other s interests': EAM Jaishankar
Singapore, March 25 (ANI): External Affairs Minister S. Jaishankar on Sunday stressed that Russia is a country with which India has always had a positive relationship. While addressing the members of the Indian Community in Singapore, Jaishankar said that both countries have taken extra care to look after each other's interests. "I will ask myself...Has Russia helped us or harmed us?...Are there gains to be made from Russ.....»»
Argentine oil producers rebel against Milei government
A number of regions have threatened to withhold supplies in what has turned into a standoff with the president Argentina's key oil-producing provinces have threatened to cut supplies to the rest of the country if President Javier Milei presses ahead with a plan to slash funding and withhold billions in federal tax rev.....»»
Indo-Russia defense venture in talks with Saudi Arabia
BrahMos Aerospace, advanced cruise missile manufacturers, have $7bn in orders from India and other countries BrahMos Aerospace, a joint India-Russia venture which produces supersonic cruise missiles for maritime, aerial, and land-based platforms, is in talks with Saudi Arabia, TASS news agency reported citing an offic.....»»
Indo-Russia defense venture in talks with Saudi Arabia
BrahMos Aerospace, advanced cruise missile manufacturers, have $7bn in orders from India and other countries BrahMos Aerospace, a joint India-Russia venture which produces supersonic cruise missiles for maritime, aerial, and land-based platforms, is in talks with Saudi Arabia, TASS news agency reported citing an offic.....»»
Russia asserts full control of Avdiivka, reports presence of Ukrainian troops in town
The Daily Guardian: Russia Captures Key Ukrainian Town of Avdiivka In a significant development, Russia has gained control of the Ukrainian town of Avdiivka, marking.....»»
Russia and Ukraine engage in retaliatory air strikes following Russian warship sinking
Title: Russia and Ukraine Continue Cross-Border Attacks, Casualties Reported Date: [Insert Date] Byline: [Author Name] In a recent escalation of the ongoing conflict between Russia.....»»
Fuel prices rise by 50¢ per liter amid Russia export ban
MANILA, Philippines —Fuel pump prices will increase by P0.50 per liter starting Tuesday, March 5, due to Russia’s six-month export ban. However, diesel prices will decrease by P0.40 per liter and kerosene by P0.35 per liter, as reported by local oil firms. Shell and Seaoil will implement the price adjustments by 6 a.m. while CleanFuel.....»»
Al-ag proposes to repeal ordinance requiring delivery riders biz permits
Davao City Councilor Bernie Al-ag has proposed the repeal of an ordinance that requires delivery riders to obtain business permits. The ordinance in question, City Ordinance 0612-21 series of 2021, classified delivery riders as independent service contractors, mandating them to apply for business permits. However, a joint memorandum circular issued by various government agencies exempts individuals providing personal services, including delivery riders, from securing business permits. Al-ag emphasized that the city government must adhere to the guidelines set forth in the memorandum. While the proposed repeal is pending, Al-ag advised delivery riders to comply with the existing ordinance. He expressed confidence in the passage of the repeal, citing the solid basis provided by the joint memorandum. Despite a group of delivery riders seeking an audience with Davao City Mayor Sebastian Duterte on the matter, Al-ag's proposal was drafted in response to a separate petition. He clarified that the repeal is not about monetary collection but aligning with national law, which exempts delivery riders from obtaining business permits. Al-ag remains optimistic about the repeal's approval, pointing to the support provided by the joint memorandum as a strong foundation for his proposal......»»
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......»»
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 set on April 9
Oil firms will observe an increase in oil prices in the second week of April......»»
5th oil price hike set February 6
Oil firms will implement an oil price hike for the fifth straight week......»»
Another oil price hike set on January 16
Oil firms will observe an oil price increase in the third week of January......»»
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 prices to go down on March 12
Oil firms will observe a decrease in oil prices on March 12......»»