Energy & Mining
Mixed fuel price adjustments expected; US-Iran deal could reduce costs
The Department of Energy (DOE) projects mixed fuel price changes this week, amid progress on a US-Iran peace deal that may reopen the key Strait of Hormuz oil route.
Marcos-Putin Talks to Focus on Energy Security
President Ferdinand R. Marcos Jr.’s meeting with Russian President Vladimir Putin this week is expected to spotlight energy and food security as the Philippines seeks to diversify strategic partnerships amid persistent geopolitical tensions and volatile global commodity markets.
Strait of Hormuz reopening sends oil prices falling
Oil prices tumbled in early Asian trading on Monday after the US and Iran announced a breakthrough agreement that would reopen the Strait of Hormuz, easing fears of a prolonged disruption to one of the world's most critical energy corridors.
DOE: Agus-Pulangi rehab, Semirara coal bidding set this year
The Department of Energy (DOE) is moving forward with two key projects to improve the country’s power assets: the rehabilitation of the Agus-Pulangi hydroelectric complex in Mindanao and the re-privatization of the Semirara coal resource.
Fuel price adjustments seen mixed this week amid Strait of Hormuz tensions
Fuel prices will see mixed adjustments again this week, driven by shifting global oil prices tied to tensions in the Middle East, according to a local fuel retailer.
