BRUSSELS, Belgium -- European Union member states, the Group of Seven industrialized countries and Australia said Friday that they have reached an agreement on price caps for Russian petroleum products. The move is the latest part of an international push to limit Russian President Vladimir Putin's...
WALA LANG OIL ON OAK Adoration of the Kings, Jan Gossaert (National Gallery of Art, London) The Three Kings arrived in Bethlehem bringing to the Child Jesus gifts of gold, frankincense, and myrrh. Everyone knows gold but frankincense and myrrh? Used in religious ceremonies, they came from faraway...
As if the haywire prices of basic commodities are not enough, consumers will still need to squeeze blood from stone on their household budgets as the price of liquefied petroleum gas (LPG) is anticipated to surge by roughly P8.00 to P9.00 per kilogram (kg) or P88-P99 aggregate increase for the...
BAMBANG, Nueva Vizcaya – A 31 year-old housewife yielded 120 milliliters of marijuana oil valued at P7,200 in a buy-bust operation in Barangay Banggot here on Wednesday, Jan. 25. The Philippine Drug Enforcement Agency identified suspect as Annie Innad of Barangay Macalong, Kasibu. Innad...
The names of alleged big-time oil smugglers were revealed on Thursday, January 19 during a Senate consultation meeting called by Senator Raffy Tulfo with the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) on the controversial fuel marking program. Tulfo, chairman of the Senate energy...
Motorists using gasoline will need to earmark higher budget this week for their vehicle refueling, while diesel is slightly lower. In pricing notices sent to the media, oil companies stated that the price of gasoline will climb by P0.95 per liter while diesel prices at the pumps will increase by...
Mixed oil price adjustments on Tuesday By MYRNA M. VELASCO There will be mixed bag of adjustments that consumers will experience at the pumps next week with slight increases for gasoline and diesel, while kerosene products may incur marginal rollback, according to industry players. Based on...
DUBAI, United Arab Emirates -- The head of the United Arab Emirates' national oil company was named Thursday as president of this year's COP28 climate talks, prompting fierce criticism from environmental activists. Sultan Al Jaber, chief executive of the UAE's Abu Dhabi National Oil Company...
The decision of the Supreme Court to void the 2005 Tripartite Agreement for Joint Marine Seismic Undertaking (JMSU) among China National Offshore Oil Corporation (CNOOC), Vietnam Oil and Gas Corporation (PETROVIETNAM), and the Philippine National Oil Company (PNOC) is a welcome development. The...
China has reiterated its commitment to explore ways to conduct joint maritime exploration after the Philippine Supreme Court declared as unconstitutional a 2005 joint oil exploration deal among China, the Philippines and Vietnam. In a press conference on Wednesday, China's spokesman for its...
​The bilateral relationship between the Philippines and China, which has been strengthened following President Ferdinand "Bongbong" Marcos Jr.'s state visit to the Asian giant, will not be affected despite the Supreme Court's decision to declare unconstitutional a 2005 joint oil exploration...
Vehicles running on diesel fuel will have lighter budget this week as the price of this commodity will be on a significant rollback of P2.80 per liter, as announced by the oil companies. Additionally, the price of gasoline products will be reduced by P0.75 per liter, while kerosene will go down by...
