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Published on Friday, 11 October 2019
Background The passage of R.A. 8479 otherwise known as the “Downstream Oil Industry Deregulation Act of 1998” liberated and deregulated the country’s downstream oil industry to ensure a truly competitive market and an adequate and continuous supply of... Read more |
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Published on Thursday, 12 September 2019
SUPPLY
As of end-month December 2018, actual crudes and petroleum products inventory closed at 23,502 thousand barrels (MB) or 50-day supply equivalent; 44 days for crude oil and products in country stocks and 6 days in-transit. This was higher by 15.4 percent from... Read more |
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Published on Thursday, 20 September 2018
SUPPLY Inventory As of end-month June 2018, actual crudes and petroleum products inventory closed at 21,844 thousand barrels (MB) or 46-day supply equivalent; 38 days for crude oil and products in country stocks and 8 days in-transit. This was lower by 12.1 percent from June 2017’s 24,854 MB or 51... Read more |