Oil Prices

Foreign automakers are strengthening their electric vehicle strategies in South Korea as surging oil prices accelerate demand for lower-cost EVs. Sales figures for January to April show strong growth for brands including BYD and Audi.

May 09, 2026 An Ruwaito ta hanyar AI

Diesel prices in Metro Manila could drop to P70 to P90 per liter next week. Local fuel retailers are expected to implement fresh rollbacks following progress in Middle East peace talks.

Building on earlier concerns over GDP growth projections, the escalating West Asia war is pressuring Indian equity markets and disrupting footwear and textile sectors through supply shortages and cost spikes. Prashant Jain of 3P Investment Managers views the impact as marginal and transient, while industry reports show input costs up 10-50%.

April 01, 2026 An Ruwaito ta hanyar AI

Seoul stocks opened higher Thursday as U.S. President Donald Trump hinted at a possible end to the monthlong war with Iran. The benchmark KOSPI rose 1.15 percent to 5,541.81 in early trading. Global markets rallied similarly on de-escalation hopes.

South Korean stocks opened sharply higher on March 24 amid hopes of easing Middle East tensions, following U.S. President Donald Trump's announcement of talks with Iran and a five-day postponement of strikes. The KOSPI index rose 4.25% at open, reaching 5,602.08, up 3.63%, after 15 minutes of trading.

March 21, 2026 An Ruwaito ta hanyar AI

Energy Secretary Sharon Garin said Filipinos will need to change lifestyles if global oil prices reach $200 per barrel, as the scenario no longer seems far-fetched three weeks into the Middle East war.