Energy

Oil prices mixed in Asian trade

SINGAPORE - Oil was mixed in Asian trade Tuesday after the energy minister of major crude producer United Arab Emirates said he was comfortable with current price levels.

3 oil firms to slash diesel, kerosene prices

MANILA, Philippines - Three oil companies announced price cuts in their diesel and kerosene products set to be implemented on Tuesday.

Oil slips below $79 in Asian trade

SINGAPORE - Oil prices extended losses in Asian trade Friday on weak energy demand and news the US commodity and options regulator was looking to tighten controls in the energy futures market, analysts said.

Metro energy supply also in peril as dam water levels go down

Hindi lang supply ng tubig, kungdi maging supply ng kuryente ang posibleng maapektuhan sa pagbaba ng antas ng tubig sa mga dam. Tiniyak naman ng Napocor na hindi kakapusin ang supply ng kuryente ngayon at kahit magtagtuyot pati sa darating na halalan. Magbabandila si Joey Villarama. Bandila, Miyerkules, Enero 13, 2010

Oil falls below $82 in Asian trade

SINGAPORE - Oil fell below $82 a barrel in Asian trade Tuesday on forecasts that the relentless frigid weather in the United States will moderate and ease demand for heating fuel, analysts said.

Napocor seeks increase in generation rates nationwide

MANILA, Philippines - The National Power Corp. (Napocor) and the Power Sector Assets and Liabilities Management Corp. (PSALM) have filed a rate hike petition with the Energy Regulatory Commission (ERC) covering the country’s three main grids.

Oil stays below $83 in Asian trade

SINGAPORE - Oil prices were down in Asia Friday on a stronger dollar and signs of easing energy demand in the United States, the world's biggest oil consuming nation.

Geothermal firm signs $300-M supply contracts in Leyte

MANILA, Philippines - Envent Holding Philippines Inc., an Iceland-backed geothermal firm, has signed more than $300 million worth of long-term supply contracts in Leyte province.