oil price - updates

Rappler's latest stories on oil price

ARTICLE FINDER

Oil companies to cut prices for 2nd straight week

Oct 07, 2019 - 9:55 PM

Get ready to fill that tank on Tuesday, October 8, as oil companies will slash prices again

ROLLBACK. Prices of petroleum products will go down for the 2nd straight week. File photo by Rafael Taboy/Rappler

Zimbabwe raises oil prices by more than 25%

Oct 07, 2019 - 2:05 PM

A full tank of fuel in Zimbabwe now costs more than a month's salary for a cook or a maintenance worker, and more than half a month's salary for a doctor

Motorists form a long queue with their vehicles at a petrol station at dusk in Harare on September 10, 2019, during an ongoing nationwide fuel shortage. - Fuel in Zimbabwe is in short supply and its price has been increased more than six times since the start of 2019 -- as have prices for several other goods. (Photo by TONY KARUMBA / AFP)

DOE asks oil companies to explain latest price adjustments

Oct 02, 2019 - 8:35 PM

The Department of Energy says oil firms could have implemented even lower rates this week, but did not do so

Gasoline prices down, LPG up on October 1

Oct 01, 2019 - 5:00 PM

After the surge in fuel prices last week, oil companies start October 2019 with a rollback

Oil firms set to implement 2019's biggest hike so far

Sep 23, 2019 - 11:00 AM

(UPDATED) The drone attacks on oil facilities in Saudi Arabia and the trade war between the United States and China send oil prices skyrocketing

Despite Saudi turmoil, new oil shock unlikely

Sep 22, 2019 - 5:45 PM

An analyst says 'the world is far better equipped to handle oil shocks' now compared to in the '70s

OIL PRODUCTION. A picture taken on September 15, 2019, shows an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. Photo by Fayez Nureldine/AFP

Oil prices sink as quick Saudi output recovery seen

Sep 18, 2019 - 7:33 AM

'This time prices slumped on reports of sooner-than-expected return for oil production after the attacks,' says an analyst in reaction to the price drop

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman gives a press conference in the Red Sea coastal city of Jeddah on September 17, 2019. Saudi Arabia said on September 17 its oil output will be back to normal by the end of September and that half the production lost in attacks on two key facilities has been restored already. "The production will be back to normal by the end of September," the Energy Minister told a press conference. A Saudi official also said plans for the listing of oil giant Aramco will continue "as is". AFP

U.S. singles out Iran, readies response to Saudi oil attacks

Sep 17, 2019 - 8:59 AM

Trump says he is ready to help key ally Saudi Arabia counter the weekend drone attacks, which triggered a record leap in global oil prices, but would await a 'definitive' determination on who was responsible

This satellite overview handout image obtained September 16, 2019 courtesy of the US Government shows damage to oil/gas infrastructure from weekend drone attacks at Khurais oil field on September 15, 2019 in Saudi Arabia. Drone attacks on key Saudi oil facilities have halved crude output from OPEC's biggest exporter, catapulting oil prices by the largest amount since the first Gulf War. The crisis has focused minds on unrest in the crude-rich Middle East, with Tehran denying Washington's charge that it was responsible.Brent oil prices leapt 20 percent on Monday to chalk up the biggest intra-day daily gain since 1991.  HO / US Government / AFP

Gasoline prices to jump by over P1 on September 17

Sep 16, 2019 - 1:05 PM

Oil companies announce major price hikes for Tuesday, September 17, just as oil prices in the world market also surge following attacks on Saudi facilities

Oil prices surge after attacks hammer Saudi output

Sep 16, 2019 - 10:23 AM

(UPDATED) The attack on Saudi Arabia's Aramco facilities by Tehran-backed Huthi rebels in neighboring Yemen effectively shuts down 6% of the global oil supply

GAS PRICES. In this file photo taken on April 9, 2019 a child pumps gas for his father at a gas station in Los Angeles, as southern California gas prices, already the highest in the nation, continue to rise. File photo by Frederic J. Brown/AFP

Gasoline, diesel prices slightly going down on August 27

Aug 26, 2019 - 10:20 PM

But kerosene prices will increase on Tuesday, August 27

Current gas prices at a QC Gas Station. August 20, 2018. Photo by Jire Carreon/Rappler

Oil prices to go up on August 20

Aug 19, 2019 - 3:10 PM

Some oil companies will be raising pump prices of petroleum goods more than others

Fuel price rollback set for August 13

Aug 12, 2019 - 2:05 PM

After no adjustments the previous week, pump prices are going down on Tuesday, August 13

Court stops DOE from unbundling fuel prices

Aug 05, 2019 - 9:25 PM

The Department of Energy faces multiple cases on its move to break down how oil companies come up with fuel prices

Gasoline prices down, diesel up on July 30

Jul 29, 2019 - 6:00 PM

Gasoline prices will get a reduction of almost P1 per liter, while diesel prices will see a slight increase

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

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

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

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

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

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

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

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

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

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

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

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

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

Big-time oil price hike on February 26 | Evening wRap

Feb 25, 2019 - 9:12 PM

Watch Rappler’s evening wRap with Acor Arceo

Big-time oil price hike on February 26

Feb 25, 2019 - 2:25 PM

The Department of Energy asks the public to be conscious of energy and fuel usage amid climbing oil prices in the world market

Oil prices to rise on February 19 | Evening wRap

Feb 18, 2019 - 8:14 PM

Watch Rappler’s evening wRap with Bea Cupin

Oil prices to rise for 2nd straight week on February 19

Feb 18, 2019 - 12:15 PM

Oil-producing countries are cutting their output below agreed-upon levels, resulting in price increases

DOH: At least 70 deaths due to measles | Evening wRap

Feb 11, 2019 - 9:12 PM

Watch Rappler’s evening wRap with Bea Cupin

Oil prices to rise again on February 12

Feb 11, 2019 - 4:05 PM

After a slight decrease last week, prices of gasoline, diesel, and kerosene are going up again on Tuesday, February 12

Oil prices going down slightly on February 4, 5

Feb 03, 2019 - 8:05 PM

While oil companies will lower prices, the rollback will be offset by the excise tax hike under the TRAIN law

Oil firms to hike prices for 4th straight time on January 29

Jan 28, 2019 - 3:50 PM

Oil companies say the hike is due to price movements in the international market

Another oil price hike set for January 22

Jan 21, 2019 - 4:50 PM

The Department of Energy cites weak sentiments in the Asian gasoline market amid excess regional supply

Big-time oil price hike set for January 15 | Midday wRap

Jan 15, 2019 - 12:17 PM

Watch Rappler’s Midday newscast with Marguerite de Leon

Big-time oil price hike set for January 15

Jan 14, 2019 - 7:30 PM

The Department of Energy says the increase is due to oil-producing countries cutting their output to stabilize global prices

Oil price hike on January 8 not due to Train Law – DOE

Jan 07, 2019 - 6:23 PM

Oil companies will hike diesel prices by P0.70 per liter and gasoline by P0.80 per liter amid price movements in the global market

INCREASES. Global market forces force local players to slightly increase gas prices. Photo by Darren Langit/Rappler

Trump thanks Saudi Arabia for lower oil prices

Nov 21, 2018 - 11:20 PM

The US President tweets: 'Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let's go lower!'

(FILES) In this file photo taken on March 20, 2018 US President Donald Trump (R) shakes hands with Saudi Arabia's Crown Prince Mohammed bin Salman in the Oval Office of the White House in Washington, DC. - US President Donald Trump has accused Saudi Arabia of lying about the killing of Jamal Khashoggi, his strongest comments to date on the affair as pressure builds on the administration to strike a tougher line. In an interview with the Washington Post published late October 20, 2018, Trump stepped back from his stance that Saudi Arabia's latest explanation for the death of the journalist inside their consulate in Istanbul was credible, but said he remained confident in the leadership of Crown Prince Mohammed bin Salman. (Photo by MANDEL NGAN / AFP)