Tag page - crude

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...

The Department of Energy (DOE) is reviving plans for the creation of a government-run oil stockpile that will store both crude oil and finished petroleum products amid global oil prices hitting all-time high at $75 per barrel. DOE Logo The energy department is eyeing to concretize that plan via its...