Tag page - crude oil

Senator Sherwin Gatchalian on Friday, June 20 said the government should be ready to provide subsidy if the Dubai crude oil breaches the US$80 per barrel threshold. Gatchalian made the call as he expressed alarm over the increasing tension between Israel and Iran and which has pushed a global oil...

Department of Trade and Industry (DTI) Secretary Alfredo Pascual is confident that the recent announcement of Saudi Arabia that it would cut down on oil production would not necessarily lead to an increase in the prices of basic commodities in the country. Trade Secretary Alfredo Pascual (RTVM...

Senator Imee Marcos on Monday, Feb. 21 urged the government to find a longer-term solution to rising crude oil prices that would render fuel subsidies for public utility vehicle (PUV) drivers, farmers, and fisherfolk inadequate. “World events could push up fuel prices beyond what we have seen in...

The lingering price hike in oil and other petroleum products may persist up until the end of the year or in the first quarter of 2022 due to still limited supply of energy, an official of the Department of Energy (DOE) said Tuesday, Oct. 12. DOE-Oil Industry Management Bureau Director Rino Abad...