NEW YORK — If oil prices are any measure, Iran just flinched. The price of oil tumbled Monday afternoon in an historical move as traders bet that Iran’s decision to bomb a U.S. base in Qatar signals it is not planning to do the one thing that could really hurt America: Shut down the flow of oil...
The Department of Energy (DOE) announced on Monday, June 23, that the government has reached an agreement with oil companies for the staggered implementation of domestic petroleum price adjustments. In a statement, DOE Officer-in-Charge Sharon S. Garin said this measure was taken in response to...
HONG KONG — Oil prices surged and Asian shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them. U.S. benchmark crude oil rose by $3.93, or 5.8 percent, to $71.97 per barrel. Brent crude, the international...
Motorists may need to tighten their belts in the first week of June, as fuel prices are set to increase. Starting Tuesday, June 3, gasoline prices will rise by ₱0.40 per liter, and diesel by ₱0.30 per liter. Kerosene, on the other hand, will decrease by ₱0.10 per liter. Shell Pilipinas,...
Mixed price movements in the gas pumps are expected in the first week of June. Based on the four-day Mean of Platts Singapore (MOPS), gasoline prices may either retain their current price or increase by up to ₱0.40 per liter. Diesel, on the other hand, is seeing an uncertain adjustment, as it...
Gasoline-based motorists will need to tighten their belts once more as its price is set to increase this week. Effective Tuesday, May 27, gasoline will raise its price by ₱0.10 per liter, however, diesel consumers will experience a ₱0.20 per liter drop. Kerosene is also set to go down by...
Motorists are in for another break as fuel prices are slated to decrease again this midterm election week. Starting Tuesday, May 13, the price of gasoline will go down by ₱0.30 per liter, diesel by ₱0.90 per liter, and kerosene by ₱1.25 per liter. Shell Pilipinas and Seaoil are among the oil...
