Russia has announced a ban on gasoline exports starting April 1, aiming to prioritize domestic supplies and stabilize fuel prices amidst surging domestic prices and turbulence in global oil markets. Deputy Prime Minister Alexander Novak instructed the energy ministry to draft a resolution for this measure, which will last until July 31st.
South Africa's presidency announced that France withdrew its invitation for the country to attend the G7 summit, reportedly following US threats to boycott the event. China has since pledged continued support for South Africa.
Cuba is seeking the Vatican's intervention to ease the US oil embargo, which has led to severe fuel shortages, as tensions rise between the US and Cuba over restricted oil shipments.
Rising fuel prices are severely affecting small businesses in Zambales province, Philippines, with local canteen owners struggling to cope with increased operational costs.
A farmers' group in the Philippines, Kilusang Magbubukid ng Pilipinas (KMP), has warned that delays in government cash aid are exacerbating the financial burden on food producers due to soaring fuel and production costs nationwide.
Warm and humid weather is forecast for most parts of the Philippines on Sunday due to easterlies, with chances of localized thunderstorms and isolated rainshowers.
Highland communities in the Cordillera region of the Philippines are urged to prioritize food security and secure rice stocks as the Middle East conflict impacts global oil supplies.
India is experiencing a more severe impact from $100 per barrel oil prices compared to previous instances, primarily due to the interplay of dollar-denominated oil and exchange rate dynamics.
The International Monetary Fund is developing scenarios for countries that may require financial support due to the prolonged Middle East conflict. India has cut special excise duties on petrol and diesel, while Pakistani provinces are seeking to avoid the burden of fuel subsidies, favoring passing global oil prices to consumers and proposing targeted subsidies.
After initially rejecting a 15-point American peace proposal, Iran is now reviewing the US proposal to end the ongoing conflict, while also setting its own conditions for a resolution, leading to crude oil rallying as doubts about the talks emerge.
President Trump has publicly reiterated his threat that 'Cuba is next' for US military action while speaking at a Saudi investment conference, as US-Cuba tensions continue to rise due to restricted oil shipments, prompting Cuba to seek the Vatican's help.
WorldTimes of Indiahindustan-times14h ago2 sources
India's External Affairs Minister Jaishankar highlighted the concerns of the Global South regarding energy, food security, trade corridors, and UN reforms at a G7 meeting, amidst West Asia conflicts.
The two-day transport strike in the Philippines on March 26-27 was reported as 'generally peaceful' by the PNP, with over 1,900 participants, and concluded without any untoward incidents according to the NCRPO.
MANILA, Philippines — The Bureau of Customs (BOC) has implemented measures to expedite the processing of fuel imports in the country, as well as daily monitoring and fuel marking, to ensure a steady…
Following President Ferdinand Marcos Jr.'s declaration of a national energy emergency, major shopping malls in Manila are reducing operating hours to conserve power, and the Philippine National Police has begun filing criminal cases for fuel hoarding and profiteering amid the expected oil supply crisis.
Small-scale farmers and municipal fisherfolk in Eastern Visayas, Philippines, are now permitted to purchase diesel and gasoline in portable containers for legitimate livelihood activities, aiming to improve fuel access.
Oil markets have shown sensitivity to Donald Trump's statements regarding the ongoing war, raising questions about whether traders are becoming less responsive to his comments.
Analysts at Macquarie have warned that oil prices could surge to a record $200 per barrel if the ongoing conflict in the Middle East continues through the entire second quarter.
The global 'Earth Hour' event in 2026 is being promoted worldwide to reduce environmental impact, with millions encouraged to turn off lights for 60 minutes. Pakistan's National Assembly Speaker and Senate Chairman have reaffirmed their unwavering commitment, and President Marcos Jr. has encouraged Filipinos to join, emphasizing energy preservation amid the Middle East crisis.
Warm and humid conditions persist across the Philippines, with the state weather bureau PAGASA reporting that 67 areas are under 'extreme caution' as the heat index peaked at 41°C on Saturday, March 28.
House of Representatives Senior Deputy Minority Leader Leila De Lima has filed House Bill No. 8716, aiming to enhance protections for women and children against rape and sexual violence in the Philippines.
The Philippine government plans to transfer approximately 7,500 persons deprived of liberty (PDLs) in 2026 as part of efforts to ease severe overcrowding at the New Bilibid Prison and move towards its planned closure by 2028.
The Land Transportation Franchising and Regulatory Board (LTFRB) has issued special permits to over 1,200 passenger buses to operate across the Philippines during Holy Week.
The Philippines anticipates a boost in natural gas supply from new Malampaya wells, which analysts believe will help protect the country from the volatile global oil market, particularly amid the ongoing Middle East crisis.
Ukraine anticipates a substantial boost in its rapeseed oil exports, projecting 576,000 tons for the 2025/2026 marketing year, a 2.7-fold increase from the previous season.
Private hospitals in the Philippines are contemplating increasing their fees, including operating room and laboratory charges, as they grapple with rising fuel prices and a weakening national currency.
