Nations should come together and discuss the rapidly expanding trade and energy interface and find ways to improve global policies governing access to sustainable energy, the World Trade Organization (WTO) advised its member countries recently.

Continue reading WTO says access to sustainable energy vital

Despite lower revenues, the net income of Lopez firm First Gen Corporation has climbed 11 percent to $55.8 million in the first quarter from $50.3 million in the same period last year.

Continue reading First Gen Earns $55.8M, Up 11%

Lopez Holdings reported a 64 percent drop in attributable net income to P1.0 billion in the first quarter of 2013 from the P2.75 billion reported in the same period last year.

Continue reading Lopez Holdings Profit Dips To P1B

The European Chamber of Commerce of the Philippines (ECCP) welcomes the country’s secondd credit rating upgrade but said more and bolder efforts are needed to be done by the government to ensure energy supply stability and quality to create a domestic environment truly conducive to job-friendly investments.

Continue reading RP must ensure energy security to attract investors, says ECCP

Inflation in April settled at its slowest pace in 13  months as the decline in fuel prices tempered the increase in the cost of other commodities and favorable farm output boosted the supply of some food products.

Continue reading April inflation is slowest in 13 months

The country’s largest oil refiner and retailer Petron Corp. registered a lower net income in the first quarter of this year, as prices for oil relatively dropped during the period.

Continue reading Petron posts lower net income in first three months

OIL REFINER-retailer Petron Corp. saw profits drop in the first three months of the year, weighed by lower prices of crude oil and finished products, the San Miguel Corp.-led company said in a statement attached to a disclosure yesterday.

Continue reading Lower prices weigh on Petron

Petron Corp., the country’s largest oil refiner and retailer, yesterday said that consolidated net income in the first quarter of the year dropped by 12 percent despite posting higher revenues for the period.

Continue reading Petron Q1 income drops 12%

Petron Corp., the country’s biggest oil refiner and retailer, posted a 12-percent decline in its consolidated net income to P2.2 billion in the first quarter this year from P2.5 billion a year ago due mainly to lower margins.

Continue reading Petron net profit down 12%

Governments spent more than $620 billion to subsidize fossil fuel energy in 2011.

Continue reading Fossil fuel subsidies top $620 B in 2011

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