Mafuta

Amid record-high oil prices, the House of Representatives is scaling down the Philippines’ hosting of Association of Southeast Asian Nations Inter-Parliamentary Assembly meetings this year as an austerity measure. In-person activities will be limited to the General Assembly in October and the Interface Meeting in November. Other meetings will shift to virtual platforms.

29 Mwezi wa tatu, 2026 Imeripotiwa na AI

Following the first 142,000-barrel shipment that arrived on March 26, the Philippine government has secured a total of 1.04 million barrels of diesel to bolster the country's fuel buffer amid the global oil crisis. The remaining 900,000 barrels are expected next month, helping maintain stocks above minimum levels during the energy emergency.

Brent crude futures for June opened at US$106 on March 22, 2026, up 0.1%, amid heightened US-Iran tensions threatening energy infrastructure in the Strait of Hormuz, exacerbating the ongoing Middle East oil crisis.

22 Mwezi wa tatu, 2026 Imeripotiwa na AI

Sen. Sherwin Gatchalian is pushing for a measure to unbundle petroleum product retail prices to expose oil companies' true profit margins, while supporting a windfall tax to curb profiteering amid the global oil crisis.

Three Israeli officials said the US was informed in advance of Israel's attack on the South Pars gas field in Iran, contradicting President Donald Trump's initial statement. The strike, part of a war started on February 28, drove up oil prices. Trump later hinted at coordination with Israel.

19 Mwezi wa tatu, 2026 Imeripotiwa na AI

President Gustavo Petro defended Colombia's transition to clean energies, stating that oil exploration contracts from the last decade have not found large amounts of oil. He insisted on lowering the real interest rate to boost the economy. He highlighted advances like investments in solar substations and potential exports.