The International Energy Agency (IEA) confirmed the immediate release of initial oil reserves, with Asia and Oceania being the first to receive barrels. Separately, the Japanese government announced it would release private oil reserves starting from the 16th in anticipation of reduced tanker arrivals.
MANILA, Philippines — The Department of Transportation (DOTr) on Sunday disputed claims that the Metro Manila Rail Transit 3 (MRT 3) has become unsafe, as alleged by the train line’s employees’ association and the freshman party list congressman who is championing the union’s claims. “Now that the price of crude oil is rising, commuters and
OPOL, MISAMIS ORIENTAL, Philippines — Rising fuel costs triggered by escalating tensions in the Middle East are beginning to hit the small fishing village of Luyongbonbon here, where local fishers…
Personnel of the Ghana National Fire Service (GNFS) successfully averted a potentially disastrous fuel tanker explosion after a road accident at Wassa Kwabeng on Saturday, March 13.
New AAA data shows petrol vehicles fell to a record quarterly low of 66.3% of sales. Follow today’s news live
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New data from the Australian Automobile Association (AAA) shows petrol-electric hybrid vehicles have reached record sales, while traditional fuel cars lose ground.
In the fourth quarter of 2025, 55,458 new hybrids were sold, accounting for 19.13% of all new light vehicle sales. This comfortably eclipsed the previous record ...
US President Trump and UK Prime Minister Starmer held discussions on the critical importance of reopening the Strait of Hormuz, following disruptions to global shipping and rising costs caused by Iran's blockade.
Biodiesel producers in the Philippines are pushing for a higher biodiesel blend of 7 percent to help shield consumers from further spikes in imported fuel prices, a move supported by a committee under the Philippine Council for Agriculture and Fisheries.
The Iranian regime is reportedly preventing technical staff from evacuating Kharg Island, Iran's most critical oil export terminal, despite ongoing fires and threats of US strikes, insisting operations must continue.
Ghana experienced a significant inflation surge in 2022, reaching 54.1 percent annually, with rising prices across all sectors. Analysis suggests that gold is a more effective stabilizer for Ghana's inflation than oil.
Increased volatility in the oil market, influenced by geopolitical tensions, is prompting investors to explore more complex 'hybrid' options bets to manage risk and seek returns.
Governments of IEA countries have pledged to make available 271.7 million barrels of oil from government reserves, 116.6 million barrels from industry's mandatory stocks and 23.6 million barrels from…
The Land Transportation Franchising and Regulatory Board (LTFRB) has approved fare increases for passenger jeepneys and buses in Metro Manila, citing rising diesel prices.
The ongoing conflict in Iran is causing widespread global ripple effects, including rising energy prices, negative impacts on farmers, and a significant reshaping of geopolitical landscapes worldwide.
Rising tensions in the Middle East have once again shaken global oil markets, raising concerns about potential disruptions to the Strait of Hormuz, one of the world’s most critical energy transit routes. For Korea, which imports nearly all its energy, such uncertainty poses a serious economic risk. The Strait of Hormuz is a vital artery for global energy. A large share of the world's crude oil and liquefied natural gas passes through this narrow corridor. Even brief disruptions can trigger price
Energy Secretary Directs Oil Company To Resume Operations In California, Citing National Security
Authored by Jacob Burg via The Epoch Times,
Energy Secretary Chris Wright on March 13…