Sunday, May 3, 2026
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Tag: oil industry

How will US, Israeli strikes on Iran affect oil markets?

London, United Kingdom—The US-Israeli strikes against Iran and reprisals by Tehran could severely disrupt the global supply of crude oil and send prices soaring to...

US oil firms pledged to invest $100-billion for Venezuela—Trump

Washington, United States—US President Donald Trump said Friday the world’s biggest oil companies pledged to invest $100 billion to revive Venezuela's oil sector as he...

Oil companies set to increase fuel prices today

The country’s oil companies will implement an increase of up to P0.70 per liter effective 6 a.m. Tuesday to reflect higher global oil prices. Separate...

Pilipinas Shell vows to sustain oil business

Pilipinas Shell Petroleum Corp. will continue to defend and grow its oil business in the face of stiffer competition with the entry of more...

Iran condemns ‘illegal and unjustified’ US sanctions on oil industry—ministry 

Tehran, Iran—Iran condemned Sunday what it called an "illegal and unjustified" expansion of US sanctions targeting its oil industry following Tehran's missile attack on Israel...

Speaker to oil players: Do your part to ease burden of rising prices

Speaker Ferdinand Martin G. Romualdez on Monday appealed to key players in the oil industry to share the burden of rising prices of oil...

Oil, oh so precious

Hearing about a small company prospering in the country’s very competitive oil industry while competing with industrial giants is simply astonishing. In Valle Verde 1,...

Ukraine crisis challenges oil industry caution at high prices

As commodity prices soar, the Ukraine crisis has prompted demands from petroleum lobbies for a reboot of US energy policy to promote domestic oil...

Oil firms urged: Give rebates to customers

The Department of Energy (DOE) has asked oil industry players to offer discounts and promotions to their customers amid the continuous fuel price hikes...

Venezuela gov’t persecuting oil unions

Venezuela’s vital oil industry is failing and the socialist government is feeling the pressure, and now the regime of President Nicolas Maduro is being...

Senator wants transparency in oil prices

Senator Win Gatchalian on Monday raised the need for transparency in the downstream oil industry in the pricing mechanism for pump prices of fuel...

Cusi orders oil firms to empty their tanks first

Energy Secretary Alfonso Cusi directed oil industry players to empty first their 2018 oil inventories before applying the second round of the excise tax...

Name of the game in oil industry

A fierce but friendly competition in the country’s oil industry has become the norm since the passage of Republic Act 8479 also known as...

Indonesia palm oil industry criticized

JAKARTA"•Greenpeace slammed Indonesia’s palm oil industry Monday for failing to live up to a pledge to halt deforestation, as the lucrative sector faces possible...
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