Friday, January 16, 2026
Today's Print

Tag: oil

Trump vows to cut off Cuba’s oil after toppling Maduro

Washington, United States—US President Donald Trump urged Cuba on Sunday to "make a deal" soon, pledging to cut off all oil and money flowing to...

Trump decrees protection of US-held revenue from Venezuela oil

Washington, United States—US President Donald Trump has signed an executive order protecting US-held money derived from sales of Venezuelan oil, after the ouster of Nicolas...

Brazil oil drilling near Amazon halted

SAO PAULO – Brazilian state oil company Petrobras said Tuesday (Wednesday, Manila time) that a “fluid leak” had forced it to halt drilling off...

US to continue oil blockade vs. Venezuela—Rubio

US Secretary of State Marco Rubio on Sunday said Washington would continue to enforce an existing “oil quarantine” against Venezuela. In Manila, the Department of...

UNSC to hold emergency session as deposed Maduro to go on trial

NEW YORK—President Donald Trump’s claim the United States is “in charge” of Venezuela will be underscored Monday (Tuesday, Manila time) when the oil-rich nation’s...

Oil price rollback on Christmas week

The country’s oil firms are expected to rollback pump prices by over P1 per liter next week to reflect the movement of prices in...

Venezuela reacts defiantly to US oil blockade, says exports okay

CARACAS – Venezuela struck a defiant note Wednesday (Thursday, Manila time), insisting its crude oil exports were not impacted by US President Donald Trump’s...

PXP seeks partners for oil, gas blocks

PXP Energy Corp. is seeking oil and gas exploration partners to secure the necessary financial resources for its newly-awarded, long-term and capital-intensive service contracts...

Petron’s profit climbs 37% on strong domestic sales

Petron Corp., the Philippines’ sole remaining oil refiner, reported a 37-percent surge in its net income in the first nine months of 2025 to...

Petron wins lease dispute against state-run PNOC

Oil firm Petron Corp. said Thursday the Supreme Court has denied a second motion for reconsideration filed by state-run Philippine National Oil Co. (PNOC)...

Gas prices higher; kerosene, diesel lower next week

Domestic pump prices are forecast to have a mixed movement next week with gasoline increasing by up to P0.60 per liter while diesel will...

Oil companies’ rollback fuel prices on Tuesday

Oil companies rolled back pump prices by as much as ₱1.50 per liter effective 6 a.m. Tuesday, reflecting lower global oil prices. Diesel prices dropped...

P1.50/l roll back in fuel prices eyed next week—DOE

Consumers can expect oil prices to roll back by as much as P1.50 per liter next week due to the softening of global oil...

Diesel, kerosene prices up; gas slightly down

Oil firms implemented a mixed price adjustment effective 6 a.m. Tuesday, reflecting movements in global oil markets. The price of diesel rose by P0.60 per...
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