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The attack on Saudi Arabia‘s biggest petroleum-processing facility Abqaiq oil processing facility in Saudi Arabia last September 14 destroyed Saudi’s 5.7 million barrels of crude oil supply. This generated an avalanche of events that not only crippled the country’s barrels-per-day (BPD) production in half, but has also skyrocketed global oil …

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What goes up must go down; and with the movement of world prices going up, oil prices increased by as much as P1 per liter this week. Unioil Philippines confirmed this in its weekly oil price adjustment announcement: The rise in oil prices marks the end of the oil price …

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The Department of Energy (DOE) is urging everyone to efficiently utilize energy. This after the agency observed the dwindling production of both members and non-members of Oil Petroleum Exporting Countries (OPEC). Based on the statement from the energy department, Saudi Arabia, with its large contribution to the world oil supply, …

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