Tag: oil imports

BOC tightens monitoring of oil imports amid Middle East tensions

The Bureau of Customs (BOC) has ordered all ports nationwide to intensify monitoring of oil imports and fuel inventory levels as tensions involving United...

May trade deficit increased 79% to reach record $5.68b

The country’s trade deficit widened by 78.6 percent in May to a record $5.68 billion from the $3.180-billion shortfall a year ago on higher...

Russian troops take ‘control’ in part of Severodonetsk

KYIV—Russian forces have taken partial control of a key industrial city in eastern Ukraine, a regional governor said Tuesday, hours after European Union leaders...

Germany in a quandary over Russian energy

Germany has rejected a complete ban on Russian gas and oil imports over Russia invading Ukraine, but voices are growing louder for Berlin to...

No need to panic

The Philippines is one of the many countries most vulnerable to any tension in the Middle East region. It heavily depends on oil imports...

Oil imports dipped 8.3% in six months

The country’s oil imports declined 8.3 percent in the first half to $6.053 billion from $6.597 billion a year ago on the combined effects...

Venezuela eyes Plan B if US bans oil imports

Venezuela’s state-owned oil company and its partners have quietly started working on a Plan B to find markets for the country’s crude oil if...

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