Tag page - oil crisis

Senators are now seeking to grant the President authority to suspend or reduce taxes on petroleum products during times of global oil supply disruptions due to external shocks. Sen. Francis “Chiz” Escudero and Sen. Francis “Kiko” Pangilinan each filed separate bill empowering a sitting...

DAVAO CITY – Cotabato Gov. Emmylou Taliño-Mendoza has reminded her constituents to tighten their belts and implement measures to mitigate the looming impact of Middle East conflict on the local economy. Mendoza issued the reminder as the crisis may disrupt oil supply chains and spike inflation....

BANGKOK., Thailand—President Ferdinand "Bongbong" Marcos Jr. intends to seek help from Saudi Arabia amid the oil crisis, duplicating the foreign country's aid to the Philippines back in the 1970s. President Ferdinand 'Bongbong' Marcos Jr. and Saudi Arabia's crown prince  Mohammed bin Salman meet...