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ARTICLE FINDER

Bottom of the barrel: IEA sees oil output recovery

Jul 10, 2020 - 10:55 PM

While the International Energy Agency warns that the resurgence of the coronavirus in some regions is 'casting a shadow over the outlook,' it sees the oil market turning a corner

OIL. A worker takes a break beneath the natural gas storage tanks at an exploration site in the Longgang gas field in Lishan, in southwest China's Sichuan province, May 17, 2007. File photo by Liu Jin/AFP

Quick economic rebound possible for France – stats office

Jul 08, 2020 - 7:15 PM

France's statistics office INSEE issues a more optimistic forecast for the country's economy in 2020

SAFER. People ride their bicycles on Champs Elysees Avenue in Paris, France on May 11, 2020. Photo by Bertrand Guay/AFP

Big Oil confronts possibility of terminal demand decline

Jul 06, 2020 - 1:45 PM

Some are questioning whether oil demand will ever get back to 2019 levels

OIL. Pump jacks are seen at dawn in an oil field over the Monterey Shale formation near Lost Hills, California, on March 24, 2014. File photo by David McNew/Getty Images/AFP

Some dishwashing liquids effective COVID-19 disinfectant, Japan research shows

Jul 05, 2020 - 12:22 PM

Japan METI/NITE recommends the solution ratio of one teaspoon of dishwashing liquid mixed in 500ml water

South Africa economy contracts 2% in Q1 2020

Jun 30, 2020 - 9:00 PM

Mining and manufacturing are the biggest drags on South Africa's overall economic activity in the 1st quarter of 2020

KEY INDUSTRY. This aerial view shows the Sibanye-Stillwater platinum mine in Marikana, near Rustenburg, South Africa, on May 15, 2020. Photo by Michele Spatari/AFP

UK economy suffers worst quarterly slump since 1979

Jun 30, 2020 - 6:55 PM

The British government revises the gross domestic product contraction in the 1st quarter of 2020 to 2.2%, from the initial 2%

People enjoy the warm weather and sunshine on the southern bank of the River Thames in London on June 25, 2020. - Just days after lockdown ended and European travel restrictions were lifted, many were staying home in the cool as a heatwave hit the continent with temperatures touching 40 degrees Celcius. Britain was bracing for a flood of visitors to its beaches with the heatwave expected to last until Friday and temperatures set to climb into the mid-30s in the south and centre of the country. (Photo by Niklas HALLE'N / AFP)

Argentina economy tanks in April 2020 as virus bites

Jun 30, 2020 - 10:00 AM

Argentina's gross domestic product falls by over 26% in April 2020, with construction the worst-hit industry

A woman walks past a closed pizza restaurant which facade remains covered with papers of claims from the former employees, in Buenos Aires, on June 17, 2020, amid the new coronavirus pandemic. - After two years of economic recession and three months of compulsory confinement due to the COVID-19 pandemic, several stores and restaurants in Buenos Aires are auctioning their furniture and implements, convinced they will not be able to reopen. (Photo by RONALDO SCHEMIDT / AFP)

Vietnam economy unexpectedly expands, bucking global plunge

Jun 29, 2020 - 9:35 PM

Vietnam's gross domestic product rises by 0.36% in the 2nd quarter of 2020, the lowest growth since 1991 but still better than expected

(FILES) In this file photo taken on June 18, 2020 a vegetable vendor sorts limes while waiting for customers at her shop in Hanoi. - Vietnam's economy unexpectedly expanded in the second quarter, shrugging off a coronavirus pandemic-caused global downturn, but was still the country's slowest growth in nearly three decades. (Photo by Manan VATSYAYANA / AFP)

Coronavirus drives Philippines toward recession as Duterte's 4th year ends

Jun 29, 2020 - 5:30 PM

The Philippines misses its full-year growth rate target for 2019 despite performing well in the 2nd half. Then the coronavirus causes a deep plunge.

Bangko Sentral sees sharper GDP contraction in Q2 2020

Jun 27, 2020 - 2:32 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno says the country's gross domestic product is seen to contract by 5.7% to 6.7% in the second quarter due to the adverse impact of the coronavirus pandemic

STANDSTILL. An almost lifeless Araneta Center in Cubao, Quezon City, hours after the government enforced the Luzon-wide lockdown on March 17, 2020. Photo by Lisa Marie David/Rappler

Tunisia premier says virus-hit economy to contract 6% in 2020

Jun 26, 2020 - 12:30 AM

'All state enterprises are in bankruptcy,' Tunisian Prime Minister Elyes Fakhfakh tells parliament

TOURISM PLUNGE. Tunisians spend time at the beach in La Marsa, on the outskirts of the capital Tunis on May 16, 2020, amid the COVID-19 pandemic. Photo by Fethi Belaid/AFP

CDO celebrates 45th anniversary with a younger look

Jun 25, 2020 - 11:42 AM

The brand refreshes its identity while remaining loyal to its mission, producing 'Food That Brings You Home'

South Africa says economy to shrink 7.2%, deepest slump in 90 years

Jun 25, 2020 - 9:50 AM

The South African economy could suffer its worst contraction in 90 years due to the coronavirus pandemic

(FILES) This file photograph taken on November 2, 2018, shows a general view of the Central Business District of Johannesburg. - South Africa's economy is projected to shrink to a record 90-year low of 7.2 percent due to the fallout from the coronavirus pandemic, the finance minister said June 24, 2020. Presenting a supplementary budget in parliament, Tito Mboweni said the continent most developed economy "is now expected to contract by 7.2 per cent in 2020," adding: "This is the largest contraction in nearly 90 years." (Photo by Guillem Sartorio / AFP)

Switzerland facing 6% contraction in 2020 – central bank

Jun 18, 2020 - 11:15 PM

The Swiss National Bank predicts Switzerland's economy would suffer its 'strongest decline since the oil crisis in the 1970s'

VIRUS CRISIS. A man wearing a mask is seen in front of the Swiss House of Parliament on March 13, 2020. Photo by Fabrice Coffrini/AFP

Sweden sees first 'positive signals' for virus-hit economy

Jun 18, 2020 - 10:45 PM

The Swedish government now expects the economy to shrink by 6% in 2020, instead of by around 7% as earlier projected

People sit in a restaurant in Stockholm on May 29, 2020, amid the coronavirus COVID-19 pandemic. - Sweden's two biggest opposition parties called Friday for an independent commission to be appointed within weeks to probe the country's response to the new coronavirus. (Photo by Jonathan NACKSTRAND / AFP)

New Zealand takes biggest economic hit in 29 years

Jun 18, 2020 - 8:50 PM

New Zealand's gross domestic product shrinks 1.6% in the 1st quarter of 2020, the biggest fall since early 1991

BACK IN BUSINESS. A bartender works at the bar on the first day of reopening after establishments were shut for two months due to the coronavirus outbreak in Wellington, New Zealand, on May 21, 2020. Photo by Marty Melville/AFP

Venezuelan oil production sinks to lowest output in 77 years

Jun 18, 2020 - 7:30 PM

Experts blame Venezuela's oil production drop on government mismanagement, corruption, and a failure over many years to invest in infrastructure upgrades and maintenance

(FILES) In this file photo taken on April 30, 2009, partial view of an oil refinery in the city of Moron, Venezuela. - Venezuela's oil production fell in May 2020 to 570,000 barrels per day, according to the Organization of Petroleum Exporting Countries (OPEC), a decline to levels of more than seven decades ago. (Photo by Thomas COEX / AFP)

Chile central bank predicts worst GDP fall in 35 years

Jun 18, 2020 - 12:35 AM

The Central Bank of Chile predicts the country's gross domestic product would shrink by 5.5% to 7.5% in 2020

Aerial view of the 400m-high Costanera Center Tower, considered to be the highest in Latin America, and one of the main tourist spots in Santiago now closed due to the COVID-19 coronavirus outbreak in Santiago, on June 12, 2020. - Chile registered the worst daily figures so far in the current coronavirus pandemic on Friday, with 6,754 new infections in the last 24 hours and 222 more deaths, totaling up to now 2,870 fatalities, local authorities reported. (Photo by MARTIN BERNETTI / AFP)

OPEC throttles output in May 2020

Jun 17, 2020 - 10:00 PM

OPEC member states cut oil output by 6.2 million barrels per day in May 2020

OIL FEARS. In this file photo taken on December 11, 2019, an oil tanker is docked at the port of Ras al-Khair, about 185 kilometers north of Dammam in Saudi Arabia's eastern province overlooking the Gulf. File photo by Giuseppe Cacace/AFP

IEA says aviation to hold back oil recovery

Jun 16, 2020 - 10:20 PM

'Unlike gasoline and diesel, which are likely to recover to close to pre-crisis levels by the end of 2020, the outlook for jet fuel is more uncertain,' says the International Energy Agency

This handout satellite image released by Maxar Technologies shows a close up of lineup parked planes at Charles De Gaulle International Airport, in Paris, France, on March 27, 2020, during the coronavirus (Covid-19) outbreak. (Photo by - / Satellite image ©2020 Maxar Technologies / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Satellite image ©2020 Maxar Technologies " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Satellite image ©2020 Maxar Technologies " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Satellite image ©2020 Maxar Technologies " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Satellite image ©2020 Maxar Technologies " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS /

FIRST LOOK: Black Sheep’s upcoming BL series, ‘Hello Stranger’

Jun 16, 2020 - 10:05 PM

The series stars Tony Labrusca and JC Alcantara

HELLO STRANGER. Black Sheep's new BL series is set to launch soon. Screenshot from Facebook.com/BlackSheepABSCBN

Black Sheep is doing a BL series starring Tony Labrusca

Jun 16, 2020 - 1:51 PM

'2 Cool 2 Be 4gotten' director Petersen Vargas is also involved in the project

TONY LABRUSCA. The actor is set to star in Black Sheep's upcoming BL series. File photo by Rob Reyes/Rappler

Virus-hit Peru GDP plummets 40% in April 2020

Jun 16, 2020 - 8:45 AM

Mining production falls sharply in Peru, one of the world's largest producers of copper, gold, and silver

People queue outside a bank to collect government aid bonuses, in the Amazon city of Iquitos, in the Peruvian Loreto region, on June 15, 2020, amid the COVID-19 coronavirus pandemic. - Peru's GDP registered a historical fall of 40.49% year-on-year in April due to the semi-paralysis of its economy caused by the drastic confinement imposed by the coronavirus pandemic, the government reported on Monday. (Photo by Cesar Von BANCELS / AFP)

UAE says low oil price unsustainable, warns of shocks

Jun 16, 2020 - 8:15 AM

'The last thing we want is to have shocks,' says United Arab Emirates Energy Minister Suheil al-Mazrouei

UAE. Cranes at a construction site with the world's tallest tower Burj Khalifa (background) in the Gulf emirate of Dubai on March 11, 2019. File photo by Karim Sahib/AFP

UK economy shrinks a fifth on virus lockdown

Jun 12, 2020 - 6:45 PM

Britain's gross domestic product nosedives by a record 20.4% in April 2020

(FILES) In this file photo taken on March 19, 2020 A pedestrian walks along an empty street outside York Minister in the centre of York, northern England, as the novel coronavirus pandemic continues. The UK government said on June 7,2020, it will reopen places of worship "for private individual prayer" on June 15 as it continues to progressively ease coronavirus restrictions. Prime Minister Boris Johnson's office said services and worship groups will still be banned for the time being due to concern that the virus spreads more quickly in enclosed spaces. OLI SCARFF / AFP

Virus cuts G20 GDP by record 3.4% in 1st quarter – OECD

Jun 11, 2020 - 8:00 PM

The steepest declines come in China, France, and Italy, which were among the first countries to impose drastic lockdowns against the coronavirus

This aerial photo taken on March 10, 2020 shows an empty street in Wuhan in China's central Hubei province. - China said on March 10 the epicentre of the new coronavirus outbreak Hubei would relax travel restrictions to allow healthy people to move within the hard-hit province. (Photo by STR / AFP) / China OUT

Japan economy better than feared but still in recession

Jun 08, 2020 - 8:05 PM

Japan's gross domestic product contraction in the 1st quarter of 2020 is revised from 0.9% to 0.6%

People walk across Shibuya crossing in Tokyo on June 8, 2020. (Photo by CHARLY TRIBALLEAU / AFP)

Inside the Industry: The future of film production with Inter-Guild Alliance's Patti Lapus and Mara Marasigan

Jun 08, 2020 - 6:00 PM

Filmmakers Patti Lapus and Mara Marasigan elaborate on the new Inter-Guild Alliance protocols for film production

OPEC, allies agree to extend deep output cuts until July 2020

Jun 07, 2020 - 7:15 AM

(UPDATED) Algerian Oil Minister Mohamed Arkab, who currently holds OPEC's rotating presidency, says the agreed cut for July 2020 is 9.6 million barrels per day

OIL FACILITY. A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019. File photo by Fayez Nureldine/AFP

Switzerland economy shrinks 2.6% in Q1 2020

Jun 03, 2020 - 10:35 PM

The Swiss service sector is particularly affected by business closures and restrictions in the 1st quarter of 2020

This photograph taken on March 18, 2020, shows pedestrians as they walk in the near empty streets of the Alpine resort of Zermatt, near The Matterhorn Mountain, amid the spread of the COVID-19 caused by the novel coronavirus. - The Swiss government on March 16, 2020, declared a state of emergency lasting until April 19 in a bid to combat the coronavirus pandemic. All shops, restaurants, bars, entertainment and leisure facilities had to shut down, with the exception of grocery stores, pharmacies and health facilities. (Photo by VALENTIN FLAURAUD / AFP)

Australia heading for recession after economy contracts

Jun 03, 2020 - 8:55 PM

Australia's gross domestic product shrinks 0.3% in January-March 2020. It is now on track to enter its first recession since 1991.

AUSTRALIA ECONOMY. People queue outside a benefits payment center in Sydney on March 23, 2020. Photo by Peter Parks/AFP

Canada's economy shrinks 8.2% in Q1 2020

May 30, 2020 - 6:30 AM

The drop in Canada's gross domestic product in the 1st quarter of 2020 is the sharpest since the 1st quarter of 2009

NO CUSTOMERS. The restaurant at the Constantin Gregoire sugar shack is seen empty in Saint-Esprit, Quebec, Canada, on March 31, 2020. Photo by Benedicte Brocard/AFP

India quarterly growth worst in 2 decades as lockdown bites

May 29, 2020 - 11:15 PM

India, Asia's 3rd largest economy, expands by just 3.1% in January-March 2020

DISINFECTION. A health worker sprays disinfectant on a fruit cart as it comes out of a market during a government-imposed nationwide lockdown in Chennai, India, on March 27, 2020. Photo by Arun Sankar/AFP

Brazil GDP shrinks 1.5% in Q1 2020 due to pandemic

May 29, 2020 - 11:00 PM

The 1st quarter drop in Brazil's gross domestic product only reflects the early effects of the coronavirus crisis, with 2nd quarter numbers expected to be much worse

SHOPS CLOSED. An empty popular shopping street in downtown Sao Paulo, Brazil, on March 24, 2020. Photo by Nelson Almeida/AFP

Mindanao's trademark abaca paper is now a face mask

May 25, 2020 - 7:30 PM

Tests by the Department of Science and Technology (DOST) Region 10 show that the abaca fiber mask has a filtration rate 7 times better than cloth masks and has lower water absorption than N95 masks

An artisinal company in Misamis Oriental finds a new use for its trademark abaca paper via a face mask.  According to the test conducted by DOST Region 10, the fiber mask has a filtration rate that is seven times better than cloth, and has lower water absorption than N95 mask. Photo from Salay Handmade Products Industries, Incorporated (SHPII)

Are oil prices over the worst of the crisis?

May 22, 2020 - 11:00 AM

While oil prices are recovering from historic lows, the market remains vulnerable to a much-feared second wave of coronavirus infections – and lockdowns

BATTERED INDUSTRY. An oil refinery. Photo from Shutterstock

Russian economy seen to shrink 9.5% in Q2 2020

May 22, 2020 - 9:00 AM

After sluggish growth in the 1st quarter of 2020, Russia expects its 2nd quarter gross domestic product to plummet as coronavirus restrictions bite

A woman walks on a deserted street past the Vysoko-Petrovsky Monastery in downtown Moscow on April 16, 2020, during a strict lockdown in Russia to stop the spread of the COVID-19 coronavirus. (Photo by Dimitar DILKOFF / AFP)

Kuwait, Saudi halt oil production from neutral zone

May 21, 2020 - 4:15 PM

Kuwait and Saudi Arabia decide to shut down the offshore Khafji oil field for one month starting June 1

WATCH: 10 steps to shoot video like a pro

May 20, 2020 - 4:50 PM

You don’t need professional gear to look professional on video

Russia Q1 2020 economic growth slows to 1.6%

May 20, 2020 - 12:45 AM

This is lower than the Russian economy ministry's forecast of 1.8%. But the 2nd quarter figure is expected to be much worse as the full impact of the coronavirus lockdown is felt.

STOCKING UP. A woman stands by partially empty shelves at a local supermarket in Moscow, Russia, on March 17, 2020. Photo by Natalia Kolesnikova/AFP

Thailand's economy contracts for first time since 2014

May 18, 2020 - 5:00 PM

Thailand suffers a 1.8% contraction in gross domestic product in the 1st quarter of 2020

THAI TOURISM HIT. An aerial photo shows unused tourist buses parked on a lot near Suvarnabhumi Airport in Bangkok on March 8, 2020. Photo by Mladen Antonov/AFP

Japan slides into recession – with forecasts of worse to come

May 18, 2020 - 12:00 PM

Japan, the world's 3rd largest economy, contracts by 0.9% in the 1st quarter of 2020

JAPAN ECONOMY. People walk along a shopping precinct in Tokyo's Ueno district on March 21, 2020. Photo by Charly Triballeau/AFP

Awful data show U.S. economy is in deep trouble

May 16, 2020 - 7:00 AM

United States retail sales sink by 16.4% in April 2020, the largest one-month fall on record. Industrial production also drops a record 11.2%.

NEW YORK, NY - MAY 15 : People are reflected on a window of a retail store closed due to coronavirus as they walk around Times Square during the spread of COVID-19 pandemic on May 15, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 307,000 lives and infecting more than 4.6 million people. Eduardo Munoz Alvarez/Getty Images/AFP

Virus pushes Germany into recession

May 15, 2020 - 10:20 PM

The German economy shrinks by 2.2% in January-March 2020, the worst quarter-on-quarter decline since the global financial crisis in 2009

People look at the tables of the reopened Cafe Prag in Schwerin, northeastern Germany on May 9, 2020 amid the ongoing Covid-19, coronavirus pandemic. - The traditional cafe and restaurant welcomed sit in customers after two months of closure as restaurants in the state of Mecklenburg Western Pomerania were allowed to reopen under strict hygiene conditions Saturday, May 9, that saw a trickle of returning customers as the north eastern state and Germany are easing corona virus restrictions. (Photo by Odd ANDERSEN / AFP)

Virus crisis adds to woes of Africa's oil producers

May 14, 2020 - 7:35 PM

Here is a look at how African oil-exporting countries are faring in the midst of the coronavirus pandemic

A view of the Kaombo Norte, a Floating Production Storage and Offloading vessel(FPSO), a project operated by Total, the French multinational oil company, on November 8, 2018, about 250km off the coast of Angola in the Atlantic Ocean. - A column of flame emanates from the bow of the boat, illuminating the jet-black ocean for miles around. For three months now the Kaombo Norte has been anchored off the northern coast of Angola and has recently begun to pump up crude oil secreted in the depths below. The arrival of the platform ship which belongs to French oil giant Total has been a timely lifeline for the Angolan government. (Photo by Rodger BOSCH / AFP)

IEA says oil outlook improves 'somewhat' on easing virus lockdowns, output cuts

May 14, 2020 - 5:00 PM

Despite the improvement in the oil market, the International Energy Agency warns that 'major uncertainties remain'

OIL FACILITY. The Marathon Refinery is seen in Carson, California, on March 9, 2020. Photo by David McNew/AFP

UK economy shrinks on coronavirus

May 13, 2020 - 10:00 PM

Britain's gross domestic product contracts 2% in the 1st quarter of 2020, with the economy 'in freefall'

LOCKDOWN. A man walks the near-deserted streets of London on April 16, 2020. Photo by Tolga Akmen/AFP

OPEC sees oil market already rebalancing

May 13, 2020 - 9:20 PM

The Organization of the Petroleum Exporting Countries says 'speedy supply adjustments' are already 'showing positive response'

OIL. Pump jacks are seen at dawn in an oil field over the Monterey Shale formation near Lost Hills, California, on March 24, 2014. File photo by David McNew/Getty Images/AFP

Malaysia records slowest growth since 2009 due to virus

May 13, 2020 - 5:20 PM

Malaysia's gross domestic product grows 0.7% in January-March 2020, the worst figure since 2009 but better than gloomy forecasts of contraction

STUCK. Passengers wearing protective face masks amid concerns of the coronavirus outbreak wait to board their plane at Kuala Lumpur International Airport in Sepang on February 19, 2020. Photo by Jewel Samad/AFP

Norway taps sovereign wealth fund for record $41 billion

May 13, 2020 - 12:55 AM

The Norwegian government plans to use 420 billion Norwegian kroner ($41 billion) to support an economy badly hit by the coronavirus pandemic and plunging oil prices

A picture taken on April 20, 2020 shows leisure properties on Lake Sjusjøen, as the ban to use them has been lifted amid the new coronavirus pandemic. (Photo by Vidar Ruud / NTB Scanpix / AFP) / Norway OUT