Energy & Mining
US-Iran conflict sends oil prices soaring
Global oil markets swung violently Monday as the escalating conflict between the US and Iran disrupted one of the world’s most important energy corridors, briefly sending crude prices soaring before easing on hints the conflict might end soon.
DOE cracks down on fuel stations defying staggered price hikes; 55 show cause orders issued
The Department of Energy (DOE) has cracked down on fuel retailers that allegedly ignored the government-backed staggered fuel price increase scheme, issuing at least 55 show cause orders to stations suspected of irregular pricing practices.
ACEN profit slides as renewable output surges
ACEN Corp., the renewable energy arm of the Ayala Group, reported a sharp drop in net income for 2025 as weaker power prices, weather disruptions, and asset impairments weighed on earnings despite strong growth in renewable energy output.
Meralco partners with Korean firms to explore nuclear energy in PH
The Manila Electric Company (Meralco) has signed a Memorandum of Understanding with Korea Hydro & Nuclear Power (KHNP) and the Export-Import Bank of Korea (KEXIM) to strengthen cooperation on developing nuclear energy in the Philippines.
DOE warns fuel stations: No price hikes before Tuesday adjustment
The Department of Energy (DOE) on Sunday warned oil companies and gasoline stations not to implement fuel price increases ahead of the scheduled adjustment on Tuesday, as authorities step up monitoring amid rising global oil prices.
