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Published on 0, 12 May 2021
THE DOWNSTREAM OIL INDUSTRY PROFILE 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 environmentally-clean and high-... Read more |
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Published on 0, 6 October 2020
SUPPLY
The country’s petroleum inventory as of end June 2020 reflected a crude oil of 21.8 days supply equivalent to 974 million liters (ML). Finished products reflected a 39.3 days supply equivalent to 1,756 ML with average daily demand of 44.6 ML.... Read more |