Global oil demand to grow by 1.9 million bpd in 2024

03/01/2024

LONDON (Reuters) -Global oil demand will grow by 1.9 million barrels per day (bpd) this year, according to a prediction by energy research company Wood Mackenzie, a forecast close to the Organisation of the Petroleum Exporting Countries’…

Oil prices headed for weekly gains as Israel rejects ceasefire offer

02/09/2024

(Reuters) – Oil prices rose in early trade on Friday, on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent futures climbed 8 cents, or 0.1%,…

Fuel pump prices set for another increase this week

Jordeene B. Lagare - @inquirerdotnet 01/22/2024

MANILA, Philippines —Local fuel companies will raise gasoline and diesel prices for the third consecutive week on Tuesday, Jan. 23. Gasoline will go up by P1.30 per liter, while diesel will increase by 95 centavos per liter.…

Oil firms announce 3rd consecutive weekly price increase

Jordeene B. Lagare 01/21/2024

MANILA, Philippines — Drivers should prepare for higher fuel costs as oil firms plan to increase pump prices for the third consecutive week. Unioil estimates diesel prices to go up by 70 to 90 centavos per liter,…

Oil prices drift lower on China demand worries

01/19/2024

TOKYO (Reuters) – Oil prices drifted lower on Friday after a rally the day before, as geopolitical tensions and disruptions in U.S. oil production from a cold blast were countered by concerns over slow demand growth in…

Oil prices rise more than 2% after US, Britain strikes in Yemen

01/12/2024

  SINGAPORE (Reuters) – Oil prices rose more than 2% on Friday as the United States and Britain carried out strikes against Houthi military targets in Yemen in retaliation for attacks by the Iran-backed group on shipping…

Oil slips as higher OPEC supply, Saudi price cuts offset Mideast worries

01/08/2024

SINGAPORE (Reuters) – Oil prices dipped in early trade on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tensions in the Middle East. Brent…

Oil prices rise amid fears over escalating tensions in Middle East

12/28/2023

TOKYO (Reuters) – Oil prices rose in early Asian trade on Thursday as persistent fears over escalating tensions in the Middle East outweighed easing concerns about transport disruptions as some global shipping firms said they were returning…

Fuel prices in Cebu City: Diesel up by P1.30 per liter

Niña Mae Oliverio and Emmariel Ares 10/24/2023

  CEBU CITY, Philippines — Motorists can expect a slight increase in fuel prices effective Tuesday, October 24 2023. Local oil firms announced in separate advisories that the price of gasoline will increase by 95 centavos per…

Fuel prices: Gasoline up 55¢ per liter, diesel and kerosene down by 95¢ on Oct. 17

10/16/2023

MANILA  -Local oil firms announced mixed adjustments in the pump prices of petroleum products effective on Tuesday, October 17, 2023. In separate advisories, the companies said they would cut the prices of diesel and kerosene by 95…

Oil prices rise to 10 month-high on China reserve ratio cut

Reuters 09/15/2023

SINGAPORE  – Oil prices rose to their highest level in 10 months on Friday, after China cut banks’ cash reserve requirements to boost its economic recovery, and on expectations that major global interest rate hike cycles were…

Fuel prices to increase by up to P1.20 per liter starting Sept 5

Meg J. Adonis 09/05/2023

MANILA—Pump prices of petroleum products, particularly diesel and kerosene, will continue to climb for the ninth consecutive week on Tuesday, Sept. 5, by as much as P1.20 per liter. In separate advisories, local oil firms said they…

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