Brix Lelis – The Philippine Star March 22, 2025 | 12:00am This photo shows a pump from a gasoline station. Edd Gumban / File MANILA, Philippines — Following recent rollbacks, fuel prices are expected to increase in the coming week due to escalating conflicts in the Middle East. The Department of Energy has indicated a […]
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BEIJING : Oil prices rose in early trading on Thursday on a decline in U.S. fuel inventories and a ratchetting up of tensions in the Middle East. Brent crude futures rose 40 cents, or 0.57 per cent, to $71.18 a barrel by 0213 GMT, while U.S. West Texas Intermediate crude (WTI) gained 34 cents, or
Oil prices rise on US data, Middle East tensions Read More »
LONDON: Oil traded higher on Monday after the United States vowed to keep attacking Yemen’s Houthis until the Iran-aligned group ends its assaults on shipping while Chinese economic data fuelled hopes for higher demand. U.S. President Donald Trump launched military strikes against the Houthis on Saturday over the group’s attacks against Red Sea shipping. One
Oil prices rise on US attack on Houthis and China economic hopes Read More »
April WTI crude oil (CLJ25) on Friday closed up +0.63 (+0.95%), and April RBOB gasoline (RBJ25) closed up +0.156 (+0.73%). Crude oil prices on Friday closed moderately higher. Friday’s weaker dollar was supportive of crude prices. Crude prices also rose after the US tightened sanctions on Russia to make it more difficult for Russia
Crude Prices Supported by Dollar Weakness and Tighter Russia Sanctions Read More »
Oil prices jump; optimism over China’s consumption stimulus boosts Asia shares https://www.investing.com/news/economy-news/oil-prices-jump-optimism-over-chinas-consumption-stimulus-boosts-asia-shares-3931020
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MANILA, Philippines – Oil companies will again lower pump prices this week but the price cuts will not be as big as last week. Shell and Seaoil said that diesel prices will go down by P0.20 per liter and kerosene by P0.40 per liter. The price of gasoline will remain the same. The price adjustments
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Prime Minister Shehbaz Sharif has announced a plan to lower electricity prices to help reduce the financial pressure on consumers. He explained that the government wants to share the benefits of changes in global oil prices with the public by making electricity more affordable. The relief package is being designed to provide some financial relief,
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The Shehbaz Sharif government has decided not to change fuel prices for the next two weeks. Instead, they plan to give relief by reducing electricity prices. The aim is to pass on the benefits of global oil price changes to the people in a different way. A detailed plan is being prepared to lower electricity
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Brix Lelis – The Philippine Star March 15, 2025 | 12:00am The Department of Energy has estimated a potential price rollback of P0.10 to P0.40 per liter for gasoline, P0.20 to P0.60 per liter for diesel and P0.30 to P0.60 per liter for kerosene. STAR / File MANILA, Philippines — Motorists can expect continued relief
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Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Mar 12, 2025, 6:00 PM CDT Traders have slashed bullish bets on crude oil, with WTI net long positions hitting a 15-year low in
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