UPDATE) PRESIDENT Ferdinand Marcos Jr. ordered the excise taxes on liquefied petroleum gas (LPG) and kerosene suspended for three months to help ease the financial burden of households in the face of the energy emergency driven by the war in the Middle East.The president, through Executive Secretary Ralph Recto… https://www.manilatimes.net/2026/04/18/news/national/excise-tax-on-lpg-kerosene-suspended/2322509
Excise tax on LPG, kerosene suspended Read More »
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Oil prices drop 13%, stocks jump as Iran reopens Strait of Hormuz Read More »
At 8:30 a.m. Eastern Time today, oil was priced at $96.18 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of 88 cents compared with yesterday morning and around $28 higher than the price one year ago. Will oil prices go up? It’s impossible to
Current price of oil as of April 17, 2026 Read More »
Economists and oil and gas analysts now expect drivers could be looking at a “new normal” of higher gas prices thanks to a greater risk premium for oil even after the dust settles in Iran. Photo by Peter J. Thompson /Financial Post Article content THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read
Posthaste: Why Canadians might be doomed to suffer a ‘new normal’ for oil prices Read More »
TLDR The S&P 500 closed at 7,022.95 on April 15, surpassing its January 28 record, while the Nasdaq hit a new all-time high at 24,016 Tom Lee argues the market is handling rising oil prices better than other countries, with oil above $100/barrel after the Hormuz Strait closure Defense spending of ~$30 billion/month is boosting
Stock Market Hits Record High in April 2026 — Tom Lee Says the Best Is Still to Come Read More »
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Will the government’s fuel package actually work? Read More »
Shin Hyun Song takes an oath at the National Assembly in Seoul on April 15. Photo by SeongJoon Cho /Photographer: SeongJoon Cho/Bloo Article content (Bloomberg) — South Korea’s central bank governor nominee Shin Hyun Song warned that soaring oil prices and a weaker won are likely to push inflation higher, while weighing on economic growth,
BOK Governor Nominee Flags Inflation Risks, Excess Won Moves Read More »
THE government is not keen on lifting the excise tax on gasoline and diesel as it could incur up to P43.6 billion in revenue losses in three months, the Department of Finance (DOF) said Tuesday.In a press conference in Malacañang, Finance Undersecretary Karlo Fermin Adriano said the suspension of excise tax on liquefied petroleum gas
No relief for gas, diesel consumers Read More »
The oil market was rattled by the Trump Administration’s announcement of an upcoming blockade of the Hormuz Strait, with West Texas Intermediate and Brent benchmark futures surpassing $100 per oil barrel. The move is expected to accelerate the rise of gas prices in the U.S. and internationally. Key Takeaways: Trump’s April 13 blockade on Iran
Oil Prices Boom After Hormuz Strait Blockade Announcement Read More »
Oil prices are rising in early market trading after the U.S. said it would blockade Iranian ports beginning Monday By MAE ANDERSON AP business writer NEW YORK — Oil prices rose in early market trading on Sunday after the U.S. said it would blockade Iranian ports beginning Monday. The price of U.S. crude oil rose
Oil prices rise after the US says it would block Iranian ports starting Monday Read More »
