oil

Volatility, Malaysia ops slump cut Petron profit

Local oil giant Petron Corp. led by billionaire Ramon Ang reported a 16-percent drop in…

Feb inflation likely moderated to 2.6%, says poll

Lower prices of rice and fuel might have softened inflation in February, something that could…

BSP pegs February inflation at 2.2-3%

Costlier power bills and higher prices of oil and key farm products were the main…

EU says energy plan could save 45B euros

BRUSSELS — Plans due to be published by the European Commission on Wednesday could shave…

Aramco back in PH, to buy 25% of Unioil

Saudi oil giant Aramco is making its way back to Philippine shores through a planned…

BIZ BUZZ: PNOC not giving up claim on Petron assets

Once in a blue moon, the Supreme Court entertains a second motion of reconsideration “in…

Venezuela oil exports rise on Chevron’s cargoes, more supply to China

Venezuela’s oil exports rose 15 percent to some 867,000 barrels per day in January, driven…

BIZ BUZZ: ‘Hijacking of public assets’

The Philippine National Oil Co. (PNOC) is not ready to concede in its legal tussle…

Tanker rates extend rally on sanctions, Asian demand

SINGAPORE — Oil shipping rates extended their rally on expectations of a tightening in global…

US, UK unveil widespread sanctions against Russia’s energy sector

WASHINGTON — The United States and Britain on Friday announced sanctions against Russia’s energy sector,…