Brix Lelis – The Philippine Star June 22, 2024 | 12:00am Department of Energy-Oil Industry Management Bureau assistant director Rodela Romero estimated an increase of P0.85 to P1.15 per liter for gasoline, P1.55 to P1.85 for diesel and P1 to P1.10 for kerosene. Walter Bollozos, file MANILA, Philippines — Another round of oil price hikes […]
Another round of oil price hikes next week Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info By Irina Slav – Jun 21, 2024, 1:19 AM CDT Crude oil prices are about to book another weekly gain, boosted by the Energy Information Administration’s latest inventory report. On Thursday, the
Oil Prices on Track for a Weekly Gain as Fuel Demand Climbs and Inventories Fall Read More »
Advertisement Advertisement FILE PHOTO: Japanese Prime Minister Fumio Kishida walks, on the day of the opening ceremony of the Summit on Peace in Ukraine at the Buergenstock Resort in Stansstad near Lucerne, Switzerland, June 15, 2024. REUTERS/Denis Balibouse/Pool/File Photo TOKYO : Japan’s Prime Minister Fumio Kishida is set announce another extension of gasoline subsidies until
Japan to extend gasoline subsidies to year-end, NHK reports Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Jun 18, 2024, 3:41 PM CDT Crude oil inventories in the United States rose this week by 2.264 million barrels for the week ending June 14, according
Oil Prices Hold Up Against Falling U.S. Crude Oil Inventories Read More »
MANILA, Philippines — Fuel prices will go up this week, oil firms said Monday, a week after pump prices were lowered. Shell and Caltex said that they will raise gasoline prices by P0.85 per liter, diesel by P1.75 per liter and kerosene by P1.90 per liter. Last week, oil companies lowered the prices of gasoline,
Fuel prices to rise this week Read More »
Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the U.S. Federal Reserve will leave interest rates higher for longer. The Fed hiked interest rates aggressively in 2022 and 2023 to tame a surge in inflation. Those
Oil prices up 3% to one-week high on hopes of higher summer fuel demand Read More »
WTI price continues its losing streak as US crude Oil stocks surged by 4.052 million barrels in the last week. OPEC+ allowed eight member countries to gradually unwound Oil cuts starting in October. Oil traders monitor the Israel-Hamas situation, as the failure of a peace deal could bolster crude Oil prices. West Texas Intermediate (WTI)
WTI drops to near $73.00 due to builds in US Oil stockpiles Read More »
Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info By Julianne Geiger – Jun 04, 2024, 3:47 PM CDT Crude oil inventories in the United States rose this week by 4.052 million barrels for the week ending May 24, according
Oil Prices Fall After API Reports Large Surprise Builds in Crude And Products Read More »
On June 2, 2024, 11:01 AM OPEC+ will likely agree on Sunday to prolong its deep oil output cuts into 2024 and possibly 2025, two OPEC+ sources said as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival U.S. production. Oil prices trade near $80
OPEC+ seen prolonging oil cuts in 2024 and into 2025 Read More »
WASHINGTON (AP) — The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer. The sale, from storage sites in New Jersey and Maine, will be allocated in increments of 100,000 barrels at a
