Tuesday, May 19, 2026
Today's Print

Tag: Organization of the Petroleum Exporting Countries

Fuel rollback next week, power rate cut in August

Consumers can expect a price rollback of more than P1 per liter across all oil products next week due to the softening of global...

OPEC holding talks amid ban on Russian oil

VIENNA, Austria—Major oil producers led by Saudi Arabia and Russia hold talks Thursday on whether to adjust output, hard on the heels of an...

OPEC+ okays modest hike in oil production

Vienna, Austria—The OPEC group of oil producing countries and its Russia-led allies agreed on another modest oil output increase on Thursday, ignoring Western pressure...

OPEC+ backs another modest oil output hike

LONDON, United Kingdom—Top oil-producing countries led by Saudi Arabia and Russia announced another modest increase in output on Wednesday despite soaring crude prices and...

OPEC+ eyes slight output boost as oil prices surge

London, United Kingdom—The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output...

Leading oil producers to meet amid record crude prices

LONDON, United Kingdom—The world’s top oil-producing countries will meet on Wednesday to discuss a further increase in output, while crude prices have reached seven-year...

OPEC, allies okay another moderate oil output hike

LONDON, United Kingdom—OPEC and its allies decided on Tuesday to maintain their policy of modestly boosting oil output next month as the rapidly spreading...

OPEC likely to settle with moderate oil output hike

LONDON, United Kingdom—Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has...

OPEC expected to maintain course to modestly open taps

Major oil-producing countries are expected to maintain on Tuesday their course of modestly boosting output as the rapidly spreading Omicron variant has so far...

Oil price hike on 2nd round: P1.10 per liter

Consumers will have to brace for a hefty P1.10 per liter increase this week, the second weekly consecutive oil price hike to reflect the movement...

Pump price hike for 7th time looms

Consumers are facing another round of oil price hikes next week of as much as P0.60 per liter to reflect the movement of prices...

4th round of oil price hike looms

The country's oil firms will raise pump prices by around P0.60 per liter this week to reflect the movement of prices in the world...

Petron leads cooking gas price cut by P34.10/tank

Petron Corp. will implement a P3.20 per kilo rollback (VAT-inclusive) or a total of P34.10 for an 11-kilo tank of liquefied petroleum gas or...

Oxen replace farm tractors in diesel-starved Venezuela

By Margioni Bermúdez CARACAS, Venezuela"•“We have gone back about two centuries,” groans farmer Alfonso Morales who, for a lack of diesel in oil-rich Venezuela, must...
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