News

Oil prices surged sharply on Tuesday amid escalating tensions between Israel and Iran, raising concerns that the conflict could broaden to involve the United States. Brent North Sea crude and…

Oil prices fell on Wednesday, pressured by growing diplomatic momentum toward a ceasefire in the Middle East, ongoing uncertainties over the US Federal Reserve’s monetary policy, and concerns about the…

The recent escalation in hostilities between Israel and Iran has already inflicted significant damage on critical energy infrastructure in both countries, rattling global oil markets and raising fresh concerns over…

Global oil demand is expected to grow by 720,000 barrels per day (kb/d) in 2025, slightly lower than last month’s forecast due to weaker deliveries in the U.S. and China…

International oil prices have steadied after a spike earlier this week, but modest reductions in fuel prices are still expected in June. According to the latest data from the Central…

The Korea National Oil Corporation (KNOC) is entering a new stage of overseas energy development by joining a joint venture to explore natural gas in Australia’s Otway Basin, located in…

Saudi Arabia is expected to burn more crude oil for power generation this summer than it did last year. This increase comes as the country raises production following OPEC+’s decision…

Fuel prices will go up by as much as P1.70 per liter starting Tuesday, May 20, ending a two-week streak of price drops. Gasoline will rise by P1.20 per liter,…

Natural gas prices dropped 2.33% to 285.3, pressured by a smaller-than-expected decline in production, lower flows to LNG export terminals, and a muted demand forecast. In May so far, production…

In a landmark decision, the Santa Barbara County Board of Supervisors voted 3-1 on Tuesday to phase out all existing onshore oil and gas production and ban any future fossil…