PetroChina Reports 22% Profit Surge Despite Middle East Supply Disruptions
China's largest oil producer posts 103.9 billion yuan in first-half earnings as elevated crude prices compensate for operational setbacks in Iran
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China's largest oil producer posts 103.9 billion yuan in first-half earnings as elevated crude prices compensate for operational setbacks in Iran

World Bank forecast reflects collapse in tourism, consumption, and supply chains following renewed conflict with Israel

Seoul maintains gasoline, diesel, and kerosene ceilings for another month while crude prices climb on geopolitical risk

E10 gasoline and diesel both climbed this week, tracking a surge in global benchmarks driven by Iran-UAE trade freeze and Hormuz Strait disruptions

The oil giant's first-half reversal reflects supply-chain pressures and margin compression from volatile crude markets tied to regional conflict.

Motorists across the Philippines will face sharply higher costs at the pump starting Tuesday as geopolitical tensions and supply disruptions tighten global oil markets.

Energy secretary reveals international players are proposing to pay Manila for stockpiling crude in Philippine facilities, with emergency access clause included

Iranian officials insist on U.S. compensation and sanctions relief before reopening the critical waterway, reversing last week's price slide

Hong Kong carrier adjusts operations as Middle East tensions reshape air freight routes across Asia

Manila moves to block live animals and meat products from Azerbaijan, Bahrain, Cyprus, Iraq, Israel, Kuwait, and Palestine as foot-and-mouth disease serotype SAT1 spreads across the regions.

The Makkah Joint Defense Agreement commits three Muslim-majority powers to treat an attack on one as an attack on all, marking a new alignment in regional security architecture.

Davao-grown bananas, sweet potatoes, and turnips reach Jeddah as Manila seeks to narrow its $11 billion annual farm trade deficit through market diversification

Yen depreciation cushions earnings for Toyota, Nissan, and Honda while manufacturers navigate geopolitical disruption and market share erosion in key regions