Saturday, May 2, 2026
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Tag: Organization of Petroleum Exporting Countries

Seaoil rollback cuts prices by one peso a liter

Seaoil Philippines led the new round of oil price rollbacks effective Saturday, cutting as much as P1 per liter. On Friday, Seaoil announced it will...

Pump prices to remain stable despite OPEC cut

Domestic pump prices will likely remain steady even as the Organization of Petroleum Exporting Countries decided to cut back production starting January, an oil...

Phoenix, Seaoil lead rollback of oil prices

Oil players Phoenix Petroleum Philippines and Seaoil Philippines lead the latest oil price rollback of as much as P0.30 per liter effective 6 am...

Pump prices: Gas up; diesel, down

Seaoil Philippines and Petro Gazz announced a P0. 40 per liter increase in gasoline and P0.10 per liter rollback for diesel effective 6 am...

Stocks surge; Megaworld climbs

The stock market jumped Monday, boosted by falling oil prices in the world market and the latest interest rate hike that that could have...

Oil price rollback set at P1 per liter

OIL companies expect a price rollback of up to P1 per liter this week to reflect the movement of world oil prices. “Expect fuel prices...

Government set to buy diesel from Russia, others

The Energy Department on Tuesday assured that the government through PNOC Exploration Corp. will move forward with plans to import diesel from Russia and...

Pump prices cheaper by P1.15

Oil companies rolled back pump prices Tuesday, cutting the cost of gasoline by P1.15, diesel by 90 centavos and kerosene by 85 centavos per...

Iraq hits back at other oil producers

Baghdad"•Iraq on Monday accused other oil-producing countries of extracting more barrels of crude than agreed by Opec and its partners, ahead of a meeting...

Volatile oil prices

World oil prices are again acting up on geopolitical tensions and the Venezuelan political and economic crises that have trimmed crude production in the...

Weaknesses of international commodity agreements

The difficulty being encountered by the rebalancing program of the Organization of Petroleum Exporting Countries (OPEC) is illustrative of the three essential requirements for...

Oil stays below $50 a barrel

Oil traded near $49 a barrel as officials from Russia and Kuwait conducted meetings in Abu Dhabi with producers to examine why some are...

Crude falls as Libya floods market

By Conor Molumby and Rupert Rowling Libya’s crude shipments jumped to a new three-year high last month, dealing a fresh blow to Opec and allied...

Oil holds gains above $50 a barrel

Oil held gains above $50 a barrel before US government data forecast to show crude stockpiles extended declines, trimming a glut. Futures rose as much...
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