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...
Senator Sherwin Gatchalian on Sunday, January 8 expressed doubts that China would be willing to accommodate the Philippines’ demands with regards to the proposed joint oil and gas exploration in the South China Sea even under President Ferdinand “Bongbong” Marcos Jr.’s administration. Sen....
Motorists filling up their vehicles with diesel fuel, including the public transport sector, will realize gains at the pumps next week as the price of this commodity will be on heftier rollback of P2.50 to P2.80 per liter. But the estimated price reduction for gasoline products will be leaner at...
Albay 2nd district Rep. Joey Salceda would rather look a the bright side amid the Philippines' rather depressing 8.1 percent inflation rate for December 2022, which pushes the whole year average to 5.8 percent. Albay 2nd district Rep. Joey Salceda (Facebook) “There is good reason to believe that...
The first week of the year 2023 will start squeezing the pockets of consumers as gasoline prices will rise by P2.90 per liter, while diesel prices will also increase by P2.10 per liter, as announced by the oil companies. Additionally, the price of kerosene, which is a commodity essential for...
Hefty oil price hikes will greet consumers at the domestic pumps in the New Year, as the cost of fuel commodities will rise by Tuesday, Jan. 3, according to the oil companies. Based on the calculation of the industry players, the initial salvo of price escalations for 2023 had been estimated at...
Motorists filling up their vehicles with diesel will gain very slight relief in their fuel budgets this week as the price of this commodity will be reduced by a very marginal P0.20 per liter, according to the pricing adjustment advisories of the oil companies. Conversely, the price of gasoline...
ZAMBOANGA CITY – Authorities seized P832,000 worth of suspected smuggled petroleum and arrested three persons during a seaborne patrol operation in the sea of Barangay Mauboh, Patikul, Sulu on Tuesday, Dec. 20. The Sulu Maritime Police Station and Patikul Municipal Police Station received a tip...
Bad news for motorists using diesel on their vehicles as the cost of this fuel commodity will rise by P2.90 per liter, substantially higher than the earlier-calculated adjustment due to higher freight costs, according to the oil companies. For gasoline products, the price hike would be P0.70 per...
