PH in ‘dire need’ of new natural gas supply, says report

Hampered movement of workers and supplies due to the COVID-19 pandemic has compounded the Philippines’ dire need for new sources of natural gas as output from its only source, the Malampaya project, declines. In their latest commentary on the subject, Fitch Solutions Macro Research noted a lack of discoveries and suspended drilling operations “in the […]

Cabinet gives nod to slash power bills

The cabinet has agreed with the Energy Ministry’s decision to temporarily waive or lower electricity bills for households to help cut people’s expenses during the coronavirus pandemic.

No negative oil prices in Thailand

Oil prices in Thailand are unlikely to fall below zero in line with what happened in the US on Monday for the first time in history, as other index prices around the world remain intact.