Monday, May 4, 2026
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Tag: Strategic Petroleum Reserve

CamSur governor pushes for strategic fuel reserve

Camarines Sur Gov. Luis Raymund Villafuerte on Friday urged the government to establish a strategic petroleum reserve (SPR) to help stabilize fuel supply and...

Lotilla thumbs down proposed oil stockpile, cites need to promote electric vehicles

Energy Secretary Raphael Lotilla thumbed down proposals for strategic petroleum reserve (SPR) or oil stockpile, saying this needed a more thorough study in the...

US bares plan to release oil from reserves

WASHINGTON, United States—President Joe Biden will announce Wednesday he’s putting the final 15 million barrels on the market from a record release of US...

Government pursues strategic oil reserve amid price spikes

Energy Secretary Alfonso Cusi convened an emergency meeting with downstream oil industry players on Friday to push for the establishment of a strategic petroleum...

DOE told: Hasten oil reserve study

A legislator on Monday slammed the Department of Energy for acting at a “seemingly snail’s pace’ on its long-planned national strategic petroleum reserve (SPR)...

Markets skeptical as Biden opens spigot on oil reserves

President Joe Biden is tapping the US strategic oil reserve in an effort to lower gasoline prices, but crude actually rose in Tuesday's trading...

Unioil sets off price rollback

Consumers can expect a price rollback of as much as P0.50 per liter of pump prices this week due to the slump in demand...
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