Tuesday, May 19, 2026
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Tag: Organization of the Petroleum Exporting Countries

OPEC+ maintains plan for gradual production cuts from May

The 13 members of OPEC and 10 other oil-producing countries, including Russia, said Tuesday they would stick to an agreement for progressive production cuts...

Gasoline prices rise by P0.65, diesel by P0.05

The country’s oil firms raised pump prices by P0.65 per liter for gasoline and P0.05 per liter for diesel and kerosene effective 6am Tuesday to...

Gas up P1.25/L, diesel by P0.90

As predicted, the country’s oil firms raised the price of gasoline by P1.25 per liter, diesel by P0.90 per liter, and kerosene by P0.85...

Oil prices swing high: P1.20/liter

Consumers can expect hefty price increases of as much as P1.20 per liter next to reflect the movement of prices in the world market. “Expect...

Oil price spike seen at P1/liter on Tuesday

Oil prices will likely go up next week by nearly P1 per liter to reflect the movement of prices in the world market. “Expect fuel...

OPEC+ ministers adjourn without deal on February production levels

LONDON—Members of the OPEC group of oil producers and their partners ended discussions on Monday without agreement on production levels for February, as divisions...

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...

Oil price upsurge: P1.10/liter

Oil prices are expected to rise this week, with the cost of gasoline going up by as much as P1.10 per liter to reflect...

OPEC, allies agree to deep cuts in output through July

Vienna, Austria"•OPEC members, led by Saudi Arabia, and other key oil producers agreed Saturday to extend historic output cuts through July, as oil prices...

Mexico refuses to extend oil output cut agreed by OPEC, allies

Mexico on Saturday refused to extend a cut in oil production to the end of July which was agreed by OPEC members and other...

Pump prices resume upswing

Consumers have to brace for another oil price hike this week by as much as P1.40 per liter to reflect the movement of prices...

Unioil bares P2 price hike; demand rises

The oil companies are expected to raise pump prices by more than P2 per liter starting this week to reflect the movement of oil...

Oil price rollback: P1.70/liter

Consumers can expect a hefty oil price rollback next week—April 28 to May 4—of as much as P1.70 per liter to reflect the movement...

Top oil producers agree ‘historic’ cuts, prices soar

Top oil-producing countries agreed on “historic” output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude...
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