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A Philippine oil tanker sank in Manila Bay early Thursday after encountering huge waves, leaving a crewman dead and 16 others rescued in a late-night operation by the coast guard. The force was ...
Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.
The tanker Terra Nova had left Bataan province en route to the central province of Iloilo with about 1.4 million liters (370,000 gallons) of industrial fuel oil stored in wat
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
On July 26, the PCG assessed that the oil slick had reached two kilometers in length. [16] The mayor of Limay said that 400 to 500 liters of oil from the ship's fuel tank had leaked out. [17] By July 30, the PSA estimated that the oil spill covered an area of around 93.74 square kilometers in Manila Bay. [18]
Location: Tablas Strait, Philippines [a]: Coordinates: 1]: Date: February 28, 2023; 21 months ago (): Cause; Cause: Sinking of MT Princess Empress: Casualties: 203 non-fatal injuries [2]: Operator: RDC Reield Marine Services [3]: Spill characteristics; Volume: <1 million L (260,000 US gal) [b]: Area: 162.6 km 2 (62.8 sq mi) [6]: Shoreline impacted: 74.7 km (46.4 mi) [7]: On the morning of ...
In 2016, largely in response to dramatically falling oil prices due to U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing countries to create OPEC+. Josh Boak contributed ...
In 2004, the company was renamed as Davao Oil Terminal Services Corp. (DOTSCO) [7] As part of this business, Uy set up a six million-barrel oil terminal serving businesses in the Davao region. [5] Phoenix Petroleum adopted its name in 2006 and was listed in the Philippine Stock Exchange in 2007 and became the first Davao City-based company to ...