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Camarines Sur Rep. LRay Villafuerte has exhorted the government to accelerate plans to set up its own oil stockpile reserves to ensure stable supply and prices of petroleum products, more so now when the vaccine-driven economic recovery in the United States and Europe has started to ease travel restrictions and increase demand anew for fuel. […]
Senator Koko Pimentel III is urging the Department of Energy (DOE) to closely monitor world oil prices as tensions between the United States and Iran continue to escalate. “The DOE should strictly watch the oil price movement globally, especially with respect to Philippine sources of crude oil. Crude prices keep surging and it could batter […]