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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.....»»
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. .....»»
Mindoro oil spill damage valued at P41.2B — report
The sinking of oil tanker MT Princess Empress in Oriental Mindoro last year caused at least P41.2 billion worth of damage to the environment and coastal communities, according to a report by a sustainability think tank......»»
‘Oil, grease still found in Oriental Mindoro waters’
High concentrations of oil and grease remain off the coast of several towns in Oriental Mindoro a year after the motor tanker Princess Empress sank, according to an environmental group......»»
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......»»
LGU to lift state of calamity over Mindoro oil spill
The municipal government of Pola in Oriental Mindoro will lift the state of calamity it declared over the area following the massive oil spill caused by the sinking of the motor tanker Princess Empress last year......»»
Empress execs indicted over Mindoro oil spill
Criminal charges have been recommended against the executives of a shipping company that owns and operates the motor tanker Princess Empress, which sank and caused a massive oil spill in the waters off Oriental Mindoro and nearby areas last year......»»
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.....»»
NGCP to complete vital Luzon power line by July
The National Grid Corp. of the Philippines has committed to finish the Hermosa-San Jose 500-kiloVolt transmission line in Luzon by July after the Supreme Court lifted the temporary restraining order on the project......»»
Aghon weakens, PAGASA lifts wind signals
PAGASA lifted wind signals on Tuesday morning as Typhoon Aghon (international name: Ewiniar) weakened and continued to move away from the country......»»
Philippines air travel soars in Q1
Air travel in the Philippines maintained its upward trend in the first quarter, lifted by the recovery of the international market and the consistency of the domestic demand......»»
Doubters kept triumphant Lady Bulldogs going
Bella Belen and the National University Lady Bulldogs are happy that they were able to shut the doubters down as they lifted their second championship in three years......»»