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The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
Petron Corporation is the largest oil refining and marketing company in the Philippines, [4] supplying more than a third of the country's oil requirements. It operates a refinery in Limay , Bataan with a rated capacity of 180,000 barrels per day (29,000 m 3 /d).
As of Monday, the average U.S. gasoline price stood at $3.01 per gallon. Oil produced domestically or from other countries couldn’t simply be substituted for those imports because refineries in ...
Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. ... Oil prices jump to 5-month high over increasing worries of supply crunch ...
The national gas average on Friday sat at $3.53 per gallon, nearly $0.10 higher than a year ago, according to AAA data. “Gas prices are a lot like seasonal temperatures.
The Bataan Refinery is an oil refinery in Limay, Bataan, Philippines. It is owned and operated by Petron Corporation and is the largest oil refinery in the Philippines with the capacity to process 180,000 barrels per day (29,000 m 3 /d). It began operation in 1961. [2]