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Related Articles

about 2 weeks ago

Oil prices have spiked in the past week, and on Thursday crude rose above $74 a barrel for the first time since late 2014.

about 1 month ago

Congress is conceptualizing a bill to authorize the president to suspend the fuel tax hike already in place, but it remains to be seen if the President would approve it.

about 1 month ago

Earlier, Presidential Spokesperson Harry Roque said government is looking into importing oil from Russia and Venezuela.

about 1 month ago

Presidential Spokesperson Harry Roque says the government is working on importing oil from non-members of the Organization of the Petroleum Exporting Countries.

about 2 months ago

Petron says improving operations in its refinery in Bataan province, northwest of Manila, contributed to the company's performance.

about 5 months ago

The Philippines and China will aggressively pursue the joint exploration for oil and gas reserves in disputed waters of the South China Sea, the Foreign Affairs chief said.

about 6 months ago

The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, according to research firm Rystad Energy.

about 1 year ago

OPEC breathed new life into crude this week by shocking skeptical Wall Street with an agreement to cut production for the first time since 2008.

about 1 year ago

The U.S. Energy Information Administration believes that beneath the South China Sea could be 11 billion barrels of oil.

about 2 years ago

OPEC has hardly dealt the U.S. oil boom a death blow. Production is still twice what it was in 2008 and there are early signs of a rebound thanks to the rally in oil prices. Goldman Sachs recently predicted American production will continue declining this year, but then resume growing in 2017 and beyond.