commodities

Oil prices soar more than 4% after Hamas attack on Israel

HONG KONG, Oct 9, 2023 (AFP) - Oil prices soared more than four percent Monday after Hamas launched an attack…

Energy transition at risk from commodity market fragmentation: IMF

By Daniel AVIS WASHINGTON, Oct 3, 2023 (AFP) - Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity…

Oil prices soar almost 6% after OPEC+ output cut

HONG KONG, China (AFP) -- Oil prices soared almost six percent in Asian trade Monday morning after major producers led…

Commuters, drivers worry about the future as gas stations implement biggest price hike so far this year

https://youtu.be/F2CwobEatcI   (Eagle News) -- On the day that gasoline stations implemented the biggest oil price hike so far this…

Brent crude oil rises back to $60 per barrel

  LONDON, United Kingdom (AFP) -- Benchmark oil contract Brent North Sea crude climbed back to $60 per barrel on…

Oil prices soar after Russia, Saudi renew pact to cap output

Oil prices soared on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed…

DOE to recommend suspension of excise tax on fuel if average per barrel price reaches $80 for three straight months

(Eagle News)--The Department of Energy on Saturday, May 26, said it would recommend the suspension of excise tax on fuel…

Senate public services panel to hold hearing on effects of TRAIN law in Iloilo on Friday, May 25

(Eagle News) -- Senator Grace Poe on Thursday, May 24, said she and her colleagues in the committee on public…

Zarate files bill aimed at repealing “anti-poor, anti-people” TRAIN provisions

(Eagle News) -- Bayan Muna Rep. Carlos Zarate has filed a bill which he said "will repeal the anti-poor and…

OPEC chief welcomes rebalancing of oil market

LONDON, United Kingdom (AFP) -- OPEC secretary general Mohammed Barkindo welcomed Thursday the rebalancing of the world oil market, hinting…

Oil market already starting to rebalance: Kuwait

KUWAIT CITY, Kuwait (AFP) -- Oil markets have already begun to rebalance after strong signs that producers are complying with…

South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

  (REUTERS) The South Korean court overseeing Hanjin Shipping's receivership process said on Wednesday that a sale of the world's…

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