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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......»»
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......»»
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.....»»
‘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......»»
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.....»»
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.....»»
Economy seen growing by 6.2 percent this year
Philippine economic expansion may pick up in the coming months, with growth seen averaging 6.2 percent this year, well within the government’s six to seven percent target, according to BMI Country Risk & Industry Research......»»
Philippines expects stable rice price in first half of 2024
MANILA, Feb. 8 (Xinhua) -- The rice supply in the Philippines is sufficient through the first half of this year, ensuring the stable price of the country's main food staple, an agriculture official said on Thursday. Philippine Agriculture Secretary Francisco Tiu Laurel said rice prices may stay elevated through September this year due to concerns over El Nino's impact on global rice supply and heightened demand.....»»
Philippines expects stable rice price in first half of 2024
MANILA, Feb. 8 (Xinhua) -- The rice supply in the Philippines is sufficient through the first half of this year, ensuring the stable price of the country's main food staple, an agriculture official said on Thursday. Philippine Agriculture Secretary Francisco Tiu Laurel said rice prices may stay elevated through September this year due to concerns over El Nino's impact on global rice supply and heightened demand.....»»
March inflation may pick up amid high food prices
Inflation likely accelerated for the second straight month in March, mainly driven by high rice prices, prompting the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged at its next policy review in April, analysts said......»»
Economic data seen to drive stock movement
Share prices could advance in the next five days following last week’s plunge should investors take advantage of the market’s attractive position, analysts said......»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»