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Movement seen in fuel prices

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AP FILE PHOTO

Oil industry players expect slight movements in gasoline and diesel prices this week, although diesel prices seem particularly volatile.

Posted: March 9th, 2014 in Latest Business Stories | Read More »

Seaoil strives to put people first, ensure growth

By
GLENN Yu

For far too many corporations in the Philippines, employees are mere cogs in the wheel, automatons with no hearts and minds that exist for no other purpose than to help the owners earn more money year after year.

Posted: September 29th, 2013 in Headlines,Inquirer Features | Read More »

Oil falls below $106 ahead of Fed policy meeting

AP FILE PHOTO

The price of oil fell below $106 a barrel Tuesday, anticipating that the US Federal Reserve’s two-day policy meeting will end with an announcement to scale back its unprecedented monetary stimulus.

Posted: September 17th, 2013 in Latest Business Stories | Read More »

BOC loses bid to reverse dismissal of case vs Pilipinas Shell

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bureau-of-customs-logo

The Court of Appeals stood pat on its earlier ruling dismissing the case against Pilipinas Shell Petroleum Corporation (PSPC) over its alleged use of fraudulently obtained tax-credit certificates (TCCs).

Posted: June 19th, 2013 in Latest Business Stories | Read More »

West Linapacan report seen out soon

Nido Petroleum Ltd of Australia, which aims to redevelop the shuttered West Linapacan oil field in offshore northwest Palawan, said it was expecting a reserves report for the project to be finalized by the end of June.

Posted: June 13th, 2013 in Headlines | Read More »

Philex still keen on teaming up with China firm for SC 72

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The group of Manuel V. Pangilinan is continuing talks with China National Offshore Oil Corp. (Cnooc) for a potential partnership at a massive but disputed oil and gas find in offshore Palawan.   Nonetheless, both parties have yet to move forward with their talks, which Pangilinan described as still in the preliminary stage given the [...]

Posted: May 22nd, 2013 in Headlines | Read More »

Oil turns lower as profit-taking creeps in

AP FILE PHOTO

Oil turned lower in Asian trade Thursday as dealers took profits after gains earlier in the week, analysts said.

Posted: May 9th, 2013 in Latest Business Stories | Read More »

Oil inches up above $93 despite US growth letdown

AP FILE PHOTO

Oil prices pushed back above $93 per barrel Monday as sentiment in financial markets was shored up by the formation of an Italian government and expectations of an interest rate reduction from the European Central Bank later this week.

Posted: April 29th, 2013 in Latest Business Stories | Read More »

Oil price rises to near $94 as euro gains

AP FILE PHOTO

The price of oil rose Tuesday as the dollar fell against the euro following weak US jobs data.

Posted: April 9th, 2013 in Latest Business Stories | Read More »

Oil steady as Cyprus braces for reopening of banks

AP FILE PHOTO

Oil prices paused Thursday after climbing more than $4 in less than a week ahead of the reopening of banks in financially troubled Cyprus.

Posted: March 28th, 2013 in Latest Business Stories | Read More »

Philex Petroleum posted P1.09-B net loss in 2012

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Philex Petroleum Corp., led by businessman Manuel V. Pangilinan, posted a net loss of P1.09 billion last year, a reversal of the P537 million in net income registered in 2011.

Posted: February 22nd, 2013 in Editor's Pick,Headlines | Read More »

Oil prices forecast to increase this week

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Local pump prices are expected to increase this week and continue their rally due to an improving global economic recovery and rising tensions in Middle East.

Posted: February 11th, 2013 in Headlines | Read More »

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