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Fuel prices down greets long weekend

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AFP FILE PHOTO

Motorists going on a road trip for the long weekend are in for a cheerful ride as oil firms slashed pump prices nationwide, including disaster-stricken Cebu and Bohol.

Posted: October 27th, 2013 in Latest Business Stories | Read More »

Oil extends losses on profit-taking

FILE PHOTO

Oil prices extended losses on profit-taking in Asian trade Friday following sharp gains powered by the US central bank’s pledge to retain its massive bond-buying program, analysts said.

Posted: July 12th, 2013 in Latest Business Stories | Read More »

DOE presses Pilipinas Shell to conduct IPO

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INQUIRER FILE PHOTO

The Department of Energy is pressing Pilipinas Shell Petroleum Corp. to conduct its much delayed public offering, stressing that now is the right time to do so.

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

Phoenix hikes gas prices

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PHOTO FROM PHOENIXPHILIPPINES.COM

Independent oil firm Phoenix Petroleum Philippines increased prices of its petroleum products starting Tuesday at 6 a.m.

Posted: May 14th, 2013 in Latest Business Stories | Read More »

Exports recover slightly in March

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Agro-based products, minerals and petroleum helped keep merchandise exports stable for March, slightly reversing the negative trend posted in the last two months, the National Economic and Development Authority said.

Posted: May 11th, 2013 in Editor's Pick,Headlines | Read More »

Oil up in Asian trade

In this file photo taken with a long exposure, a pumping unit sucks oil from the ground near Greensburg, Kan. AP FLE PHOTO

Oil was up in Asia on Friday on market speculation the OPEC cartel would cut output ahead of a meeting next month to stop Brent crude prices — which remained below $100 a barrel — from falling further.

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

Philex raises stake in Pitkin to 50.28%

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philex mining logo-ra

Publicly listed Philex Petroleum Corp. has increased its stake in oil and gas exploration firm Pitkin Petroleum Plc to 50.28 percent from 18.46 percent.

Posted: April 8th, 2013 in Latest Business Stories | Read More »

Oil companies to cut gasoline, kerosene prices

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AFP PHOTO

Local oil companies were to cut prices of petroleum products one stroke after midnight Friday to reflect the continued decline of oil prices in the global market.

Posted: March 15th, 2013 in Latest Business Stories | Read More »

Philex Petroleum reports P1-B loss last year

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PLDT chairman Manuel V. Pangilinan: Signs of growth.   INQUIRER FILE PHOTO

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 net income it registered in 2011.

Posted: February 22nd, 2013 in Latest Business Stories | Read More »

Chevron, Bosch form regional car service venture

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chevron-bosch-logos

Chevron, one of the world’s leading energy firms, has forged an agreement with The Bosch Group to jointly open 500 car service workshops and retail shops across five countries in the region, including the Philippines.

Posted: November 22nd, 2012 in Latest Business Stories | Read More »

Philex Petroleum reports P132M loss

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philex mining logo-ra

Philex Petroleum Corp., led by businessman Manuel V. Pangilinan, posted a net loss of P132 million in the first nine months of 2012, a reversal of the P472-million net income it posted during the same period last year.

Posted: October 24th, 2012 in Latest Business Stories | Read More »

Oil price rises on Middle East conflict fears

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FILE PHOTO

Oil prices rose Monday after violence in Lebanon sparked fears of wider unrest in the Middle East.

Posted: October 22nd, 2012 in Latest Business Stories | Read More »

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