Category: oil and more
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Behind the Rollback: DOE Cites Global Supply Surplus and OPEC+ Stance
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The Department of Energy (DOE) Oil Industry Management Bureau confirmed that the recent localized price drops directly mirror a downward trend in the international crude market. According to the DOE’s weekly monitoring, a combination of surging non-OPEC production—particularly from the United States—and revised, softer global demand forecasts have created a…
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Major Pump Price Cut: Big Oil Rollback Set to Relieve Philippine Drivers This Week
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Energy companies across the Philippines are implementing a massive rollback in pump prices, bringing much-needed relief to consumers after weeks of volatile fluctuations. Starting Tuesday morning, fuel giants and independent retailers alike slashed prices per liter for gasoline, diesel, and kerosene under the directive of the Department of Energy (DOE).…
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Lawyers of Sanjia-Steel Claim Due Process Violations and Restricted Access to Detained Staff
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PHILIPPINE SANJIA STEEL CORPORATION OFFICIAL STATEMENT On May 15 and 16, 2026 authorities from the Presidential Anti-Organized Crime Commission (PAOCC) and other government agencies conducted operations at and subsequently secured Philippine Sanjia-Steel Corporation, purportedly in connection with two (2) search warrants involving the alleged handling and possible manufacture of hazardous…
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Price Watch: Global Oil Markets Brace for Fourth-Quarter Volatility
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As the global economy grapples with uneven growth and shifting energy dynamics, oil prices are heading into the final quarter of 2025 under intense pressure. Analysts from the International Energy Agency (IEA) and the U.S. Energy Information Administration (EIA) warn that volatility will define the remainder of the year, with…
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Price Pressure: How Global Conflicts Are Driving Oil Costs Up Again
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Introduction Global tensions and conflicts are once again placing upward pressure on oil prices, creating ripple effects that reach consumers, governments, and businesses—especially in countries heavily reliant on imports. For the Philippines, a net oil importer, any shock in international markets is felt acutely at the pump, through rising transport…
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Pump Prices Shift Again: Diesel, Kerosene Up; Gasoline Rolls Back Slightly
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Motorists and households brace for another round of mixed pump price adjustments this week, as fuel companies announced changes effective 6 a.m. Tuesday, September 30, 2025. According to industry advisories, gasoline will see a rollback of ₱0.20 per liter, while diesel and kerosene will each climb by ₱0.90 per liter.…