Gate News message, April 15 — The Philippine Department of Energy (DOE) has issued an advisory requiring oil and gas companies to disclose their available storage capacity at depots and terminals nationwide. The measure aims to monitor fuel supply levels amid global energy market disruptions. Non-compliance may result in permit cancellation or suspension, and the advisory authorizes the Philippine National Oil Company to utilize private storage facilities to support the country’s petroleum requirements.
As of April 10, the Philippines’ available fuel inventory can last up to 50.31 days. LPG supply is the most constrained, lasting only 36 days, compared to 54 days for gasoline and 48 days for diesel. DOE Secretary Sharon Garin noted that the government ordered additional LPG stock this week due to low current inventory levels.
The new LPG shipment is expected to arrive in the second to third week of May, which will strengthen the country’s LPG buffer stock. A fresh diesel shipment is scheduled to arrive by week’s end.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Panama Canal Effect of the Port of Hormuz: Companies pay up to $4 million to get ahead of the Panama Canal
Since the stalemate in the Strait of Hormuz, global shipping companies have increasingly rerouted through the Panama Canal; without a reservation, participation must be won through auction bidding, with the highest bid reaching about $4 million. Case examples show that a ship originally bound for Europe with fuel was rerouted to Singapore, resulting in additional costs of up to $4 million. The insurance industry also classifies Hormuz as a high-risk war zone, making it difficult to return to the 2025 level in the near term; Panama has also protested Iran’s detention of MSC Francesca.
ChainNewsAbmedia1m ago
Citigroup Raises 2026 Brent Crude Price Forecasts, Eyes $150/Barrel if Hormuz Disruptions Persist
Gate News message, April 27 — Citigroup raised its price forecasts for Brent crude oil (the international benchmark for crude oil pricing) for the remainder of 2026 on Sunday evening. The bank now projects average prices of $110 per barrel for Q2, $95 per barrel for Q3, and $80 per barrel for
GateNews2h ago
Whale Deposits $2M USDC to HyperLiquid, Opens Leveraged Short Positions on Oil
Gate News message, a whale deposited $2 million USDC into HyperLiquid and opened short positions of 21,000 BRENTOIL and 19,000 CL with 3x leverage.
GateNews2h ago
Goldman Sachs Raises Q4 Oil Price Forecasts to $90/Barrel Brent, $83/Barrel WTI Amid Middle East Supply Tightness
Gate News message, April 27 — Goldman Sachs raised its fourth-quarter oil price forecasts on April 26, citing supply tightness in the Middle East. The bank now expects Brent crude oil (London benchmark) to reach $90 per barrel and WTI crude oil (U.S. benchmark) to reach $83 per barrel, up from
GateNews3h ago
Powell’s final dance? Middle East conflict pushes inflation higher; the Fed is expected to hold steady this week
This week, central banks around the world announced their interest-rate decisions, and the market expects the Federal Reserve to keep rates unchanged. The conflict in the Middle East has escalated; shipping through the Strait of Hormuz has been disrupted, pushing up energy and raw material prices and increasing global inflation pressure. As a result, central banks are taking a cautious wait-and-see approach. The estimated U.S. GDP is 2.2% annualized, and PCE has risen, indicating that economic resilience and inflation are coexisting. The market generally believes that the Fed will maintain interest rates. Powell may be hosting for the last time during his tenure, and the Warsh appointment path is also affected by the DOJ incident.
ChainNewsAbmedia4h ago
Iran Proposes Priority Agreement on Strait of Hormuz, Delays Nuclear Talks with U.S.
Gate News message, April 27 — Iran has proposed a new initiative to the United States prioritizing an agreement on reopening the Strait of Hormuz and lifting maritime blockades, while postponing nuclear negotiations to a later stage, according to AXIOS citing a U.S. official and two informed sources
GateNews5h ago
