Continuing oil price hikes likely with ongoing Ukraine-Russia conflict, DOE warns

Advisory notes “inevitability of domestic price spikes” reflecting global market movements (Eagle News) – Oil price hikes would most likely continue due to the ongoing Ukraine-Russia crisis, according to the Philippine Department of Energy. The DOE issued an advisory over the weekend warning the public against the “impending increase in the price of petroleum products” that would take effect this week, particularly on Tuesday, April 26. The ongoing Russia-Ukraine crisis translates to instability in world […]