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Crude oil prices little changed as coronavirus, floods threaten demand

Crude oil prices little changed as coronavirus, floods threaten demand SECTIONS Last Updated: Jul 26, 2021, 07:50 AM IST Share Synopsis Global oil markets are expected to remain in deficit despite a decision by the Organization of the Petroleum Exporting Countries and their allies to raise production through the rest of the year. AP Brent crude futures for September fell 3 cents to $74.07 a barrel by 0153 GMT while U.S. Texas Intermediate crude was at $71.99 a barrel, down 8 cents. Related SINGAPORE: Oil prices were little changed on Monday as investors balanced concerns about fuel demand from the spread of COVID-19 variants and floods in China against expectations of tight supplies through the rest of the year.

Gasoline prices cut by P0 75/liter; diesel by P0 60/liter

Published July 26, 2021, 12:56 PM The long-awaited rollback in pump prices will finally provide financial relief to Filipino motorists this week, as gasoline prices will be reduced by P0.75 per liter; and diesel products will be lower by P0.60 per liter. For kerosene product, which is used by households and key industries, this will likewise be adjusted downwards by P0.60 per liter, as announced by the oil industry players. As of this writing, the oil companies that already sent notices on their price rollbacks had been Pilipinas Shell Petroleum Corporation, Seaoil, Cleanfuel, PetroGazz and Chevron effective Tuesday (July 27); while their competitor-firms will follow the implemented price trends this week.

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