Wind turbines operate at the Klettwitz Nord solar energy park near Klettwitz, Germany, Tuesday, Oct. 15, 2024. (AP Photo/Matthias Schrader) The world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges — but there'll also be...
Big-time price hikes at the pumps will take another gut-wrenching blow on consumers’ pockets next week, as oil prices are projected to rise above P1.00 per liter across commodities. Based on the calculation of the oil companies, the price of gasoline products will likely increase by P1.10 to...
The progress of many economies on their energy transition agendas will weaken demand growth for oil commodities in the years ahead, according to Paris-based global think tank International Energy Agency. But while oil consumption will be on decline, there are projections that oil production on...
Motorists will have a punishing drive to the gas pumps this week as the price of all fuel commodities will be on significant uptick, based on the pricing advisories of the oil companies. As announced by the industry players, there will be hefty price hike of P1.75 per liter for diesel products;...
Reinforcing the stream of ‘clean energy finance’ for emerging economies is seen as the major stimulus on concretizing the major commitments in last year’s climate change summit and must also top the agenda in this year’s COP29 in Baku, Azerbaijan. Dr Fatih Birol, executive director of the...
Motorists will have to brace for fresh round of financial pain next week as pump prices are anticipated to rise by a relatively significant level that will inch close to P1.00 per liter for gasoline and diesel products, based on the calculation of the oil companies. According to the industry...
The Paris-headquartered International Energy Agency (IEA) indicated that while positive developments were attained at the COP28 Climate Change Summit, the commitments from more than 100 countries might still not be enough to put the world on track to the 1.5°C global warming limit cast in the...
Prices of petroleum commodities will be on hefty upticks next week, as calculated by the industry players. Based on estimates by oil companies, the price of gasoline products will rise by P3.00 to P3.40 per liter, while diesel will have an increase of P2.20 to P2.60 per liter. Additionally,...
Filipino consumers can continue to breathe a sigh of relief, however tiny the rollback maybe, on their weekly fuel budgets as pump prices are due to come down again by Tuesday, Aug. 16, based on the calculation of the oil companies. According to the industry players, diesel prices will be reduced...
For the 14th time this year, Filipino consumers will have to agonize over massive cost hikes at petroleum pumps due to surging oil prices in the international market. Based on calculation, oil companies will raise gasoline prices by P3.30 to P3.50 per liter while diesel will be on heftier increase...
Motorists filling up gasoline products in their vehicles will be in a better luck next week, as the price of this commodity along with kerosene, will be on another round of hefty rollbacks, based on the calculation of the oil companies. As culled from the outcome of five-day oil trading in the...
The country’s oil companies are implementing lower-than-calculated price rollbacks this week, but did not provide detailed explanation, the Department of Energy said. Effective Tuesday, April 5, the price cut for gasoline products would be P2.30 per liter, diesel would be P1.85 per liter, while...
