Saturday, May 2, 2026
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Tag: oil supply

Energy security starts with energy efficiency

“For ordinary households, global conflict may seem distant, but its effects are immediate” For energy-importing countries such as the Philippines, instability in major oil-producing regions...

Iran opens, then closes again Hormuz Strait

Iran’s military declared the Strait of Hormuz closed again on Saturday, its military command said, hours after reopening it and with more than a...

Lawmaker eyes joint energy plan with China

The Marcos administration should study the possibility of entering into a joint energy venture with China in the West Philippine Sea, Senate President Pro...

Oil from India to bolster local reserves — DOE

The Department of Energy (DOE) said it is firming up oil supply from India to bolster the country’s reserves as the Middle East conflict...

When things fall apart

“The mad dog is shattering alliances built by his predecessors in almost a century of diplomacy using ‘carrot and stick’” It is the ides of...

Fuel prices seen mixed next week

Consumers can expect a mixed movement in the prices of petroleum products by next week based on the 4-day trading in Mean of Platts...

Iran may close Strait of Hormuz

20% of global oil supply under threat • US seeks China help to stop closure • EU warns move ‘extremely dangerous’ Iran’s Supreme National Security Council will...

World oil prices jump on tensions, no impact yet on local fuel costs

World oil prices shot up while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking...

DOE sees pressure on oil prices to rise with Russian export halt

The Department of Energy (DOE) on Monday said it will actively monitor the world oil supply situation after the Russian government announced it will...

Pump prices up for 4th week

The country’s oil firms raised the price of gasoline by P1.20 per liter for gasoline, P0.95 per liter for diesel, and P1 per liter for...

DOE assures enough oil supply

The Energy Department assured the public of continuous and sufficient oil supply in the National Capital Region during the 30-day community quarantine from March...

Look for other sources of oil, diesel, Duterte orders agencies

President Rodrigo Duterte has tasked concerned government agencies to look for possible sources of oil, Malacañang said Monday, following attacks in Saudi Arabia’s major...

Malaysia awards oil supply deal to Petron

Petron Corp. has been chosen as one of the Malaysian government’s fuel suppliers, further strengthening its operations in the Southeast Asian country. Petron president Ramon...

Opec considers longer output cut

Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles. Five...
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