Friday, January 23, 2026
Today's Print

Tag: Oil market

DOE: Fuel prices to drop next week on oversupply concerns

Consumers can expect a rollback in pump prices across all fuel products next week due to oversupply concerns despite geopolitical risks. Oil companies, however, warned...

Oil firms implement minimal price decrease

LOCAL oil companies rolled back their pump prices by P0.10 per liter for gasoline and diesel and kerosene by P0.30 per liter effective 6...

Diesel, kerosene prices up; gas down next week

The Department of Energy (DOE) expects a mixed movement in pump prices next week due to volatilities in the global oil market. DOE Director Rodela...

Oil market uncertain, fragmented after Ukraine invasion

By Thomas Urbain HOUSTON, United States—A year after Russia’s invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to...

ExxonMobil: World pump turbulence may last 5 years

Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the...

Pump prices cutback: P0.65 /liter

Domestic pump prices will likely go down this week by as much as P0.65 per liter to reflect the movement of prices in the...

Phoenix ranks 3rd in local oil market

Phoenix Petroleum Philippines Inc. replaced Chevron Philippines Inc. as the third largest oil company in the country in the first half. Data from the Department...

Aviation sector to hold back oil recovery – IEA

Paris, France"•Demand for petrol and diesel is set to heal by the end of the year but the coronavirus crisis is likely to leave...

The trader who called the 2020 oil crisis

French oil trader Pierre Andurand was catapulted into the spotlight this year after correctly betting that the deadly novel coronavirus would spark a sub-zero...

Oil price upsurge seen at P1.3/liter

The oil distributors may implement a price increase of as much as P1.30 per liter on Tuesday as the world’s oil markets react to...

Oil drops below $44; options trading at $39

It’s come to this for the beleaguered oil market: a big bet that prices are about to sink to their lowest level in more...

Oil market seen as surprise haven from political risk in 2017

With Donald Trump set to enter the White House in January and populists on the march across Europe, political risk will loom large in...

Saudi declines to flood oil mart

Saudi Arabia, the world’s biggest oil exporter, won’t boost output to capacity and flood the market, the kingdom’s Energy Minister Khalid Al-Falih said as...
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