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Oil spill along Magallanes-Skyway hurt motorists due to slippery roads
A truck loaded with coconut oil rammed into one of the Skyway posts on Saturday morning, resulting in slippery roads that injured multiple motorcycle riders and passengers......»»
DOE backs emergency takeover of oil industry
The Department of Energy is ready to take over oil firms in case of a national emergency after the Supreme Court upheld its emergency takeover power......»»
SC: DOE may take over oil industry in emergencies
The Supreme Court has ruled that the Department of Energy may take over oil industry operations in times of emergency upon the directive of the country’s president......»»
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.....»»
Oil prices set to roll back on February 27
Oil firms will implement a rollback in pump prices in the last week of February. .....»»
Dominic Roque hindi binigyan ng gas station, ayon mismo sa oil firm
NAGSALITA na rin mismo ang management ng gas company na nasangkot sa mga isyung ibinabato laban sa aktor na si Dominic Roque. Ito ‘yung chismis na binigyan umano ng sariling gasoline station si Dominic na siyang brand ambassador ng oil firm. Ayon sa kumpanya, hindi totoo ang mga balitang ito at kaya sila naglabas ng.....»»
MOU on crude coconut oil export to Europe
The Philippine Coconut Authority has inked a memorandum of understanding with Ares Merchants Philippines Inc. and Limketkai Manufacturing Corp. to jointly produce mosh moah free or EU-compliant crude coconut oil to be refined by the first Filipino-owned refinery in Europe......»»
Pump prices up on February 20
After last week’s oil price rollback, oil firms will implement another round of increase in pump prices this week. .....»»
Over P1 fuel price hike seen next week
Oil prices are expected to increase next week, according to Department of Energy Oil Industry Management Bureau assistant director Rodela Romero......»»
Criminal raps recommended for MT Princess Empress owners in Mindoro oil spill
The Department of Justice recommended the filing of criminal charges against owners and corporate officers of Motor Tanker Princess Empress over the oil spill in Oriental Mindoro in February 2023......»»
Oil prices headed for weekly gains as Israel rejects ceasefire offer
(Reuters) – Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures climbed 8 cents, or 0.1%, to $81.71 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures rose 17 cents, or.....»»
Oil prices up for fourth straight week
Here are the oil price adjustments in the last week of January......»»
Another oil price hike set on January 30
Here is the expected increase in oil prices for the last week of January......»»
Oil price hike set on January 23
Oil prices are expected to increase next week......»»
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.....»»
European markets plunge on new virus strain
European stocks, oil prices, and the pound slumped Monday as a highly infectious strain of coronavirus in Britain had traders seeking shelter.Sterling lost 1.3 percent against the dollar, with the pound also still being hit as a post-Brexit trade deal between Britain and the EU remained out of reach.The euro gained 1.0 percent against the […].....»»
Ayala Corp profit hits record high in 2023
Core profit of conglomerate Ayala Corp. rose by nearly half to reach record high levels in 2023 due to the strong performances of its banking, real estate and power businesses......»»
Dollar remittances hit record high
The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said......»»
DTI, TikTok to boost local MSMEs, expand market reach to rural areas
The Department of Trade and Industry is aiming to bolster support for micro, small, and medium enterprises in the Philippines and expand their market reach to provincial areas through a partnership with TikTok, one of the largest social media and e-commerce platforms......»»
‘Dangerous’ heat indices expected in 28 areas on May 28
MANILA, Philippines — Even amid the presence of Typhoon Aghon, 28 areas are still forecast to reach “dangerous” level peak heat indices of above 42ºC (degrees Celsius), said the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Based on Pagasa’s latest computed heat index forecast, the highest index is expected to reach 46ºC, specifically in.....»»