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(Eagle News Service) — Fuel price cuts were again implemented on Monday, January 19, 2015, which is the third time that price rollbacks occurred this year. The following price rollbacks were effective January 19: P1.25 per liter for gasoline; P1.45 per liter for diesel; and P1.25 per liter for kerosene. This fuel price cut happened a week after a P1.70 per liter cut in gasoline, P1.60 per liter in kerosene, and a P1.50 per liter in diesel […]
(Reuters) – Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world’s top oil exporter Saudi Arabia is determined not to make the same mistake again. The oil glut of the 1980s, the early days of the modern crude market and a distant memory for most traders, has resurfaced recently in conversations with Saudi officials and veteran analysts who see it […]
