Oil prices down in Asia as weaker China data weighs
Oil prices fell in Asian trade Tuesday as data showing weak manufacturing activity in China suggested growth in the world’s second largest economy was slowing.
Oil prices fell in Asian trade Tuesday as data showing weak manufacturing activity in China suggested growth in the world’s second largest economy was slowing.
The Department of Finance questioned the Court of Appeals’ decision stopping the Department of Justice from pursuing the smuggling case against the President and CEO of Phoenix Petroleum Philippines (Phoenix) as well as its customs broker, Jorlan Cabanes.
The Court of Appeals stopped the government from pursuing the more than P5-billion smuggling case against President and Chief Executive Officer of Phoenix Petroleum Philippines Inc., its broker and several others.
Bureau of Custom Commissioner Rufino Biazon said Tuesday that one way to curb oil smuggling in the country is to implement policy reforms.
The next time you smell fried chicken on the street, it may not be from a nearby restaurant but from the exhaust pipe of a vehicle driving past.
Using shovels, rakes and dust pans, and even spoons, government employees, residents, fishermen and volunteers from different towns of La Union tediously scooped and gathered the coagulated oil that had reached coastal areas here.
The united command overseeing the salvage of the Royal Dutch Shell PLC drill barge that ran aground on a remote Alaska island will release minimal information on the vessel until an assessment is completed, a spokeswoman said.
Local oil companies are to implement hefty rollbacks in the prices of petroleum products starting early Monday to reflect an equally drastic drop in the price of oil in the international market.
Thousands rallied in southern Malaysia on Sunday against a government-backed $56-billion petroleum hub they say will force thousands out of their homes and damage a fishing community.
The Independent Oil Price Review Committee has failed to properly study the alleged issue of overpricing, a transportation group said Thursday.
An Australian firm will start exploratory drilling for oil and gas in Carcar City and Aloguinsan town starting mid-September.
A huge explosion rocked Venezuela’s biggest oil refinery and unleashed a ferocious fire on Saturday, killing at least 26 people and injuring more than 80 others in one of the deadliest disasters ever to hit the country’s key oil industry.
A consumer group in Cebu has joined the nationwide clamor to reduce the fare of public utility vehicles in the wake of the series of oil price rollbacks.
