Energy

Oil prices higher in Asian trade

SINGAPORE - Oil futures were driven up in Asian trade Wednesday as traders sought to cash in on crude following an earlier fall in prices, analysts said.

Shell asks court to halt P7-B tax assessment

MANILA - Oil giant Pilipinas Shell Petroleum Corp. has filed a petition before the Court of Tax Appeals on Friday to bar the Bureau of Customs (BoC) from enforcing a disputed deficiency excise tax assessment amounting to P7.3 billion.

Oil lower on renewed US demand worries

SINGAPORE - Oil was lower in Asian trade Friday as investors fretted about energy demand in the US, the world's largest oil user, analysts said.

'Global energy demand to rise by 35% in 2030'

MANILA - A growing population and higher economic growth would raise global demand for energy by as much as 35% in 2030, according to ExxonMobil, the world's largest publicly-listed oil company.

Oil higher in Asian trade

SINGAPORE - Oil was higher in Asian trade Thursday, bouncing back from overnight falls as investors digested key US inventory data, analysts said.

Decision on nuclear power plant re-activation out soon

MANILA - State-run National Power Corp. (Napocor) is expected to come up with its decision on the recommissioning of the 600-megawatt (MW) Bataan Nuclear Power Plant (BNPP).

Groups protest lack of advise on oil price hikes

Nagngitngit ang ilang transport group sa pagtataas ng presyo ng mga malalaking kumpanya ng langis na walang paunang abiso. Bandila, Miyerkules, Disyembre 2, 2009

Meralco to put up new poles in Pasay

MANILA - Manila Electric Co. (Meralco) announced Wednesday that it will undertake a project aimed at improving its facilities in Pasay City.