Runaway oil prices put strain on Manila's (abysmal) public transport system

Unlike other Asian countries which subsidize oil, the Philippines' free market on petroleum products fall victim to the unrelenting increases in global oil prices.  Since January of this year, price of petrol have risen 18 times--from Php45/liter (approx....

Will the Hunts buy silver again after selling Hunt Petroleum? « Peter J. Coo...

" Of course, the irony of the 1970’s episode may not have been lost on the next generation of Hunts. They did indeed select one of the best possible investment strategies for that decade, and if they had not gotten too greedy with margin trading their position would have...

RI to quit OPEC amid world oil price hikes

"While polemics were going on on its plan to increase domestic fuel oil prices prompted by world crude price hikes, the Indonesian government came up this week with an idea to quit the Organization of Petroleum Exporting Countries (OPEC).The idea is plausible. Indonesia is no...

Non-fundamental factors main cause of oil price fluctuation, OPEC

"Non-fundamental factors are the main cause of the current fluctuations in the world crude oil price, a governor of the Organization of Petroleum Exporting Countries (OPEC), Maizar Rahman, said.The present downturn in the oil price was caused by a recovery in the US dollar`s...