oil - updates

Rappler's latest stories on oil

ARTICLE FINDER

Oil is well: The beginner's guide to essential oils

Jul 20, 2019 - 2:30 PM

On the way to becoming a self-confessed oilbularyo? Here all the essentials you need!

Oil prices to rise on July 16

Jul 15, 2019 - 5:25 PM

Gasoline prices will increase for the 5th straight week, while diesel and kerosene prices are following the trend after falling last week

Britain sends second warship to the Gulf after Iran tanker standoff

Jul 12, 2019 - 9:31 PM

(UPDATED) British officials say the naval deployment is part of a pre-planned rotation and meant to ensure a continued British naval presence in one of the most important but volatile oil shipment routes in the world

HMS DUNCAN. A March 22, 2013 handout photo released by Britain's Ministry of Defence in London on July 12, 2019, shows the British Royal Navy's HMS Duncan, a Type 45 Destroyer, as it prepares to arrive in Portsmouth, southern England. AFP PHOTO / CROWN COPYRIGHT 2019

U.S. plans Gulf naval escorts after Iranians menace UK oil tanker

Jul 12, 2019 - 8:10 AM

The nominee to become chairman of the US Joint Chiefs of Staff, General Mark Milley, said Washington is putting together a coalition 'in terms of providing military escort, naval escort to commercial shipping'

Shutterstock image

Iran tried to seize British oil tanker – CNN

Jul 11, 2019 - 9:12 AM

Citing US officials, CNN reports that Iranians ordered the British Heritage oil tanker, which was crossing into the Strait of Hormuz area, to change course and stop in Tehran's nearby waters

Iran's Rouhani warns UK of tanker seizure 'consequences'

Jul 10, 2019 - 8:42 PM

Iran's President Hassan Rouhani calls the seizure of the tanker 'a foolish act'

WARNING. A British Royal Navy ship (left) patrols near supertanker Grace 1 suspected of carrying crude oil to Syria in violation of EU sanctions after it was detained off the coast of Gibraltar on July 4, 2019. File photo by Jorge Guerrero/AFP

Gasoline prices up, diesel down on July 9

Jul 08, 2019 - 2:55 PM

Global forces bring down diesel and kerosene prices, while gasoline prices are going up for the 4th straight week

Oil giant Total's chief announces new unit to invest in forests

Jul 07, 2019 - 5:50 PM

French oil giant Total plans to spend $100 million a year on forest preservation and reforestation

Iran demands Britain release oil tanker held in Gibraltar

Jul 05, 2019 - 4:21 PM

(UPDATED) A senior foreign ministry official describes the UK move as 'unacceptable' in a meeting with the British ambassador, who has been summoned to hear a formal protest

A British Royal Navy ship (L) patrols near supertanker Grace 1 suspected of carrying crude oil to Syria in violation of EU sanctions after it was detained off the coast of Gibraltar on July 4, 2019. Authorities did not say where the oil came from but specialised shipping trade publication Lloyd's List said the Panamanian-flagged tanker was thought to be transporting crude from Iran. JORGE GUERRERO / AFP

U.S. hails as 'excellent news' detention of tanker loaded with Iranian crude

Jul 05, 2019 - 7:27 AM

White House National Security Advisor John Bolton tweets: 'Excellent news: UK has detained the supertanker Grace 1 laden with Iranian oil bound for Syria in violation of EU sanctions'

A British Royal Navy ship (back R) patrols near supertanker Grace 1 suspected of carrying crude oil to Syria in violation of EU sanctions after it was detained off the coast of Gibraltar on July 4, 2019. Authorities did not say where the oil came from but specialised shipping trade publication Lloyd's List said the Panamanian-flagged tanker was thought to be transporting crude from Iran. JORGE GUERRERO / AFP

Big-time oil price hike set for July 2

Jul 01, 2019 - 11:30 AM

Oil prices will rise for the 3rd consecutive week due to geopolitical and trade tensions overseas

China snubs U.S. sanctions on Iranian oil exports

Jun 29, 2019 - 12:13 AM

China's statement comes a day before US President Donald Trump is to meet his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Japan in an attempt to resolve an escalating trade war

CHINA ON US SANCTIONS. Fu Cong, head of the Chinese delegation, talks to the press at the end of a meeting of the Joint Commission of the Joint Comprehensive Plan of Action attended by the E3+2 (China, France, Germany, Russia, United Kingdom) and Iran on June 28, 2019 at the Palais Coburg in Vienna, Austria. Photo by Alex Halada/AFP

Oil prices to go up again on June 25

Jun 24, 2019 - 2:05 PM

Oil companies will implement another price hike on Tuesday, June 25, amid uncertainties in the global market

At least 8 killed in Nigeria oil pipeline blast

Jun 23, 2019 - 9:58 PM

Authorities say the accident happened during maintenance work on the pipeline in Oyigbo near the West African country's oil hub Port Harcourt

Traveling from the Philippines? Here's your pasalubong list

Jun 23, 2019 - 4:20 PM

What to bring titas, titos, and cousins abroad or give foreign guests as souvenirs

Huge fire breaks out at Philadelphia oil refinery

Jun 21, 2019 - 7:43 PM

The blaze in south Philadelphia breaks out around 4:00 am (0800 GMT; 6:00 pm Manila time) when a series of explosions occurred, according to NBC10

OIL REFINERY FIRE. Philadelphia Energy Solutions is seen on October 24, 2014 in Philadelphia, Pennsylvania. File photo by Spencer Platt/Getty Images/AFP

Macron sends senior diplomat to Iran to defuse U.S. tensions

Jun 20, 2019 - 8:57 PM

The adviser, Emmanuel Bonne, holds 'high-level meetings' in Tehran, 'with the aim of contributing to the de-escalation of tensions in the region'

BONNE. This file photo shows Presidential diplomatic advisor Emmanuel Bonne (R) stand in the court of the Elysee Palace, on May 24, 2019, in Paris. File photo by Ludovic Marin/AFP

Iraq looking at options in case Gulf oil route cut – spokesman

Jun 17, 2019 - 11:46 PM

Lawmakers have also called for an emergency session with Iraq's ministers of oil, trade, planning and transport to 'prepare to confront the possible dangers'

TO PORT. This picture taken on June 15, 2019 shows tanker ships in the waters of the Gulf of Oman off the coast of the eastern UAE emirate of Fujairah. Photo by Giuseppe Cacace/AFP

After 3 rollbacks, oil prices going up on June 18

Jun 17, 2019 - 2:05 PM

Gasoline, diesel, and kerosene prices will increase on Tuesday, June 18

A gasoline attendant fills up a car with gas at a gasoline station in Quezon City on Tuesday, April 16, 2019. Photo by Darren Langit/Rappler

Saudi Arabia committed to Aramco IPO – crown prince

Jun 16, 2019 - 10:25 PM

The planned initial public offering of Saudi Arabian oil conglomerate Aramco is expected to be the world's largest stock sale

A picture taken on May 10, 2016 shows over Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in the surrounding Shaybah field in Saudi Arabia's remote Empty quarter desert close to the United Arab Emirates, on May 10, 2016. - Despite collapsed global oil prices, production is expanding at Shaybah, as it is in other units of the company at the centre of the kingdom's Vision 2030 drive for diversification away from oil. The Saudi government plans to sell less than five percent of the company in what officials say will be the world's largest-ever share offering, while transforming Saudi Aramco into "a global industrial conglomerate". By 2020 the company says it will have tripled its gas processing capacity from levels at the turn of the century. (Photo by IAN TIMBERLAKE / AFP)

Oil prices to drop further on June 11

Jun 09, 2019 - 2:54 PM

Tuesday, June 11, is the best time to fill up that tank, as oil prices are set to drop by over P2 per liter

3 elephants found poisoned in Malaysia

Jun 07, 2019 - 2:34 PM

The dead animals are believed to be part of a herd of 30 elephants from the nearby forest reserve in Johor, Malaysia

POISONED. File photo of a elephant in the wilds of Malaysia. Shutterstock photo

Gasoline prices to go down by P1.70 per liter on June 4

Jun 02, 2019 - 6:05 PM

Don't fill up that tank just yet – a big-time rollback on petroleum products is set for Tuesday, June 4

Global airline body warns of U.S.-China trade war spillover

Jun 02, 2019 - 4:25 PM

The International Air Transport Association revises its 2019 collective net profit outlook down to $28 billion, as the US-China trade war escalates and costs go up

Duterte EO removes obstacle to oil exploration deal with China firm

May 30, 2019 - 12:25 PM

With Executive Order No. 80, public bidding is no longer required for PNOC Exploration Corporation to tap firms hoping to participate in its petroleum service contracts

President Rodrigo Roa Duterte presides over the Joint Armed Forces of the Philippines-Philippine National Police (AFP-PNP) Command Conference at the Malacañan Palace on April 8, 2019. RICHARD MADELO/PRESIDENTIAL PHOTO

Oil prices to go down on May 28

May 27, 2019 - 11:56 AM

The rollback on Tuesday, May 28, will reflect the latest movements in the global market

Fuel prices to go up on May 21

May 20, 2019 - 1:55 PM

Oil companies will raise fuel prices on Tuesday, May 21, after two straight rollbacks

Saudi, UAE see sufficient oil supplies, rising stocks

May 20, 2019 - 7:42 AM

Oil exporting countries are discussing how to stabilize a volatile oil market amid rising US-Iran tensions in the Gulf, which threaten to disrupt global supply

Khalid Al-Falih, Saudi Energy and Oil Minister and Chairman of OPEC's Joint Ministerial Monitoring Committee (JMMC), speaks to journalists during the 10th JMMC meeting in Algiers on September 23, 2018.  Ryad KRAMDI / AFP

Saudi Arabia says oil facility attacks target world supplies

May 16, 2019 - 7:44 AM

Drone attacks claimed by Iran-aligned Huthi rebels in Yemen shut down one of Saudi Arabia's main oil pipelines, two days after the mysterious sabotage of 4 ships, two of them Saudi tankers

A picture taken on May 13, 2019 off the coast of the Gulf emirate of Fujairah shows the A. Michel tanker under the flag of the United Arab Emirates, one of the four tankers damaged in alleged "sabotage attacks" in the Gulf the previous day. The United Arab Emirates said on May 12, 2019 that four commercial vessels of various nationalities had been targeted by acts of sabotage off the Emirati port of Fujairah. HANDOUT / AFP / Emirati National Media Council

Two Saudi tankers damaged in 'sabotage attack' off UAE

May 13, 2019 - 1:57 PM

The incident comes amid rising tensions between Iran and the United States which has strengthened its military presence in the region

File photo from Shutterstock

Oil firms announce big-time rollback

May 05, 2019 - 3:25 PM

Developments in the world market send oil prices down

ROLLBACK. Oil companies will be slashing prices. Photo by Darren Langit/Rappler

Oil price hike set for April 30

Apr 29, 2019 - 10:25 AM

Gasoline, diesel, and kerosene prices will rise on Tuesday, April 30

U.S. oil sanctions take effect on Venezuela as crisis intensifies

Apr 28, 2019 - 4:50 PM

The United States will take action against anyone who deals with state-owned Petroleos de Venezuela, or PDVSA

View of the monument in homage to the struggles of the Venezuelan people for the conquest of their oil heritage, in front of the headquarters of Venezuelan state-owned oil company PDVSA in Caracas, on January 29, 2019. - The United States announced sanctions against Venezuela's state oil company Monday in a coordinated effort with the main opposition leader to cripple embattled President Nicolas Maduro's power base. (Photo by LUIS ROBAYO / AFP)

Ecuador Amazon tribe win first victory against oil companies

Apr 27, 2019 - 10:45 AM

A criminal court in Puyo, central Ecuador, accepts a Waorani bid for court protection to stop an oil bidding process after the government moved to open up around 180,000 hectares for exploration

VICTORY. The president of the Coodinating Council of the Waorani Nationality of Ecuador-Pastaza, Nemonte Nemquimo (C), celebrates with other Waorani indigenous people after a court ruled in their favor on the tribe's legal challenge to the government's land selloff in Puyo, Ecuador, on April 26, 2019. Rodrigo Buendia / AFP

Russia calls U.S. tightening of Iran oil sanctions 'aggressive and reckless'

Apr 24, 2019 - 12:53 PM

A Russian foreign ministry statement says: 'The rest of the world perfectly understands that Washington's policy is becoming more and more aggressive and reckless'

(FILES) This file photo taken on May 16, 2004 shows a general view of Iran's Lavan oil refinery quay in the Islamic republic's Lavan island. The United States said on April 22, 2019 it would start imposing sanctions on friends such as India that buy Iranian oil, in its latest aggressive step to counter Tehran that could jeopardize US relationships. The announcement sent global crude prices spiraling higher, although President Donald Trump tweeted that Saudi Arabia and other US allies would "more than make up" for decreases in Iranian oil. Behrouz MEHRI / AFP

Trump to end waivers on Iran oil imports – White House

Apr 22, 2019 - 9:23 PM

'This decision is intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue,' the White House says in a statement

TRUMP AND IRAN. US President Donald Trump speaks during a roundtable meeting with conservative leaders at the White House on January 23, 2019. File photo by Mandel Ngan/AFP

Gasoline prices to inch up on April 23

Apr 22, 2019 - 3:50 PM

This is the 3rd consecutive week gasoline prices will go up

IN PHOTOS: Essential oil lovers will love the Young Living Experience Center

Apr 20, 2019 - 9:00 AM

It's an oilbularyo's heaven!

Big-time oil price hike on April 16

Apr 15, 2019 - 10:10 AM

Pump prices of petroleum products will increase for the second consecutive week, as oil-exporting countries cut output

Oil prices to go up on April 9

Apr 08, 2019 - 12:45 PM

Oil prices are increasing on Tuesday, April 9, amid tighter supply in the region

Oil prices to slightly go down on April 2

Apr 01, 2019 - 7:40 PM

A rollback in oil prices is set for Tuesday, April 2, after 7 consecutive hikes for gasoline and 3 straight increases for diesel

Malaysia, Indonesia to help Philippines settle palm oil dumping

Mar 28, 2019 - 3:40 PM

Malaysia and Indonesia, the two sources of the Philippines' palm oil imports, agree to help combat further dumping and smuggling of the product

This picture taken in Kampar on August 20, 2018 shows a palm oil farmer collecting palm oil seeds in Kampar, Riau province. - Indonesian palm oil farmer Kawal Surbakti says his livelihood is under attack, but the threat is not from insects or hungry orangutans eating his prized crop. Half a world away, the European Parliament is moving to ban the use of palm oil in biofuels, while British grocer Iceland has announced it will stop using the commodity over concerns that it causes widespread environmental destruction. (Photo by WAHYUDI / AFP) / TO GO WITH Indonesia-Malaysia-EU-environment-food-agriculture, FOCUS by Ridwan Nasution and M. Jegathesan

Gasoline prices to rise for 7th straight week on March 26

Mar 25, 2019 - 7:30 PM

The fuel price hike set for Tuesday, March 26, comes as prices in the global market surge to their highest level in months

Big-time oil price hike set for March 19

Mar 18, 2019 - 4:00 PM

Gasoline prices will rise for the 6th straight week on Tuesday, March 19

As fuel prices rise, Angara says TRAIN law 'benefitted millions of families'

Mar 13, 2019 - 8:14 AM

'Siyempre gustong gamitin yan ng ibang partido o indibidwal for political benefit,' says reelectionist Senator Juan Edgardo Angara

Reelectionists Grace Poe holds a rally together with Nancy Binay, Cynthia Villar, Kiko Pimentel, Sonny Angara, JV Ejercito, and Chiz Escudero at Tondo, Manila on February 13, 2019. Photo by Alecs Ongcal/Rappler

Gasoline prices to jump for 5th straight time on March 12

Mar 11, 2019 - 5:30 PM

Oil companies announce a hike for gasoline, while keeping prices of diesel and kerosene steady

Norway sovereign wealth fund, world's biggest, to dump oil and gas

Mar 08, 2019 - 8:08 PM

(UPDATED) The government of Norway says the divestment is specifically targeting exploration and production companies, 'rather than selling a broadly diversified energy sector'

LOOK: Oil spill in Davao del Norte river

Mar 08, 2019 - 4:11 PM

The Philippine Coast Guard says it will conduct an investigation to determine the liability of the company responsible for the oil spill

OIL SPILL. Half of the Ising River is tainted by the oil spill. Photo courtesy of Philippine Coast Guard

Gasoline prices up, diesel down on March 5

Mar 04, 2019 - 4:15 PM

After the big-time oil price hike in the last week of February, companies will implement minimal adjustments on Tuesday, March 5

Senate bets say no to oil deregulation, fuel excise tax hike

Mar 03, 2019 - 9:48 PM

Reelectionist Senator JV Ejercito, who voted for tax reform in 2017, also calls for the law's review

Photo by Jansen Romero/Rappler