World Oil Price Behavior in the Second Quarter
From the closing average price of $83.59/bbl in April 2010, to-date May 2010 Dubai crude average of $81.36/bbl was $2.23/bbl lower. The to-date average price in May however is about $4/bbl higher compared to end of first quarter 2010.
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Oil Supply & Demand Report
FY2009 (1st Half)
SUPPLY. Inventory. Actual crudes and petroleum products inventory as of end June 2009 was recorded at 18 million barrels (MMB) or 62-days supply equivalent (48 days for crude oil and products in stock and 14 days for crude in-transit to the country). This was 42 percent higher than last year’s end-June level equivalent to 12 MMB.
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OIL MONITOR

As of 17 April 2012

Dubai crude price has fallen by an average of about US$2/bbl compared to previous week, dragged down by prospects of weaker crude demand from China, and also due to renewed worries about the eurozone's debt woes and weaker oil demand in the United States.
  

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Philippine
Institute of Petroleum
Unit 19A, 19F Trafalgar Plaza Building 105 H.V. Dela Costa Street, Salcedo Village, Makati
Tel/Fax.: 846-6077

Philippine Institute of Petroleum

A non-stock, non profit SEC registered grouping of businesses operating in the downstream oil industry in the Philippines. It is an independent body representing the common interests of its members with different publics.

Members of the PIP include: Petron Corporation; Pilipinas Shell Petroleum Corporation; Chevron Philippines Inc.; Total (Philippines) Corporation; PTT Philippines Corporation and LiquiGaz (Philippines).

Principal roles of the PIP include: Creating a venue/forum for the sharing, preservation and refinement of best practices in the field of HSEQ; - Acting as an industry oversight group for concerns in the areas of product quality standards, transport and handling practices, and compliance with relevant Government regulations; Read More

Corporate Social Responsibility
PIP Highlights

PTT Philippines Operation: Mission of Hope for flood victims of Typhoon Pedring and Quiel
Date: January 12, 2012
Last October 15, 2011, PTT volunteer employees headed by PTT Philippines Corporation President and CEO Khun Wisarn Chawalitanon and Thailand Embassy Officials trooped to flood victims of Hagonoy and Calumpit, Bulacan to share blessings and hope. Both areas were heavily affected by the recent Typhoon Pedring and Quiel and though rain has stopped PTT volunteer employees shared and sympathized with the loss and miseries faced by the victims. .

FPI awards Shell as Most Outstanding Corporation in the CSR Practice
Date: 29 November 2011
Shell companies in the Philippines (Shell) was hailed as the Most Outstanding Corporation in the Practice of Corporate Social Responsibility (CSR) by the Federation of Philippine Industries (FPI) in its 2011 Recognition Awards for Outstanding Practices and Initiatives in Sustainable Development.

IERO Conference 2011: Oil Industry Players Team Up for Safety
Date: 29 July 2011
The country's major oil industry players have banded together once again to promote the importance of safety and emergency preparedness in the fourth staging of the Philippine-Institute of Petroleum's (PIP) - Industry Emergency Response (IERO) at the Manila Hotel.

Pagpapaliwanag Ukol sa Imbentaryo at Presyo ng Langis
Date: 08 March 2011
Dahil sa patuloy na pagtaas ng presyo ng krudo at iba pang produktong petrolyo sa mga araw na ito , may mga ilang pumupuna kung bakit ibenebenta ng mga kumpanya ng langis ang kanilang produktong petrolyo sa mataas na presyo sa kasalukuyan samantalang may imbentaryo pa silang natitira na nabili nila sa mas murang halaga. Ang tanong ng ilan: hindi ba dapat na ubusin muna ng mga kumpanya ng langis ang kanilang mas murang produktong naiwan sa kanilang imbentaryo nang di mapagsamantalahan ang publiko?.

Shell Partners with the Bureau of Fire Protection in Promoting Fire Safety
Date: 03 March 2011
In celebration of Fire Prevention Month this month of March, Shell companies in the Philippines (Shell) joins hands with the Bureau of Fire Protection (BFP) in protecting people and property against destructive fires through the signing of the “BFP-Shell Fire Prevention Initiative”. Through this partnership, Shell and BFP will conduct trainings and fire drills in Shell’s network of terminals, retail sites and corporate offices. Shell shares the importance of promoting fire safety with the Bureau of Fire Protection, and ensures that it operates safely and responsibly.

Oil Industry Players Gather for 3rd Emergency Response Exercises
Date: 30 July 2010
Sharing the aims of promoting safety, members of the Philippine Institute of Petroleum (PIP), the country's major oil companies are once again hosting the 3rd Industry Emergency Response (IERO).

UST, Don Bosco and Mapua gear up for first Asian version of Shell fuel-efficiency challenge
Date: 12 April 2010
Hot on the heels of the successful first street run in Houston in late March, over 100 teams, including the Philippines’ University of Santo Tomas, Mapua Institute of Technology, and Don Bosco Technological College, are gearing up for the first-ever Shell Ecomarathon in Asia, to be held at the Sepang F1 race-track in Kuala Lumpur, Malaysia, from July 8-10.

THE PUBLIC DESERVES TO KNOW - What the Shell Tax issue is all about
Date: 16 February 2010
Recently, the public has heard of the issue regarding alleged non-payment by Pilipinas Shell Petroleum Corporation (PSPC) of excise taxes for imports of Catalytic Cracked Gasoline (CCG) and light catalytic cracked gasoline (LCCG), amounting to Php 7.35 billion for the years 2004-09.

PTTPC Foundation Held Relief Operation in Support to Typhoon Ondoy's Victim
15 January 2010
PTT Philippines Foundation together with PTT employees and friends sent out support and assistance to the victims of Typhoon Ondoy in Cainta, Rizal last September 29, 2009 and in Guagua, Pampanga last October 2, 2009. The true spirit of Bayanihan and Volunteerism was felt during the "PTT Damayan Relief Operation".

Oil Supply/Demand Report FY 2009 (1st Half)

SUPPLY. Inventory. Actual crudes and petroleum products inventory as of end June 2009 was recorded at 18 million barrels (MMB) or 62-days supply equivalent (48 days for crude oil and products in stock and 14 days for crude in-transit to the country). This was 42 percent higher than last year’s end-June level equivalent to 12 MMB.

Oil Supply/Demand Report FY 2008

SUPPLY. Inventory. In the local market, actual inventory as of end December 2008 was recorded at 14 million barrels (MMB) or 48-days supply equivalent (46 days for crude oil and products in stock and 2 days for crude in-transit to the country). This is 12 percent lower than last year’s end-December level equivalent to 16 MMB. Meanwhile, 2008 average inventory was reported at 50 days, 39 days in stock and 11 days in-transit.

Shell complies with Executive Order No. 839
Date: October 27, 2009
Effective 12:01 am today, Pilipinas Shell Petroleum Corporation (PSPC) rolled back the prices of diesel by P2.00 per litre, unleaded premium gasoline by P1.25 per litre, regular gasoline by P0.85 per litre and kerosene by P1.50 per litre in compliance with Executive Order No. 839 which directs oil industry players to maintain prices of petroleum products prevailing on 15th October 2009.

Previous News @ PIP News Archive: Click Here

COMPARATIVE REGIONAL PUMP PRICES
as of November 6, 2009
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Prevailing Retail Prices of Petroleum Products
in Metro Manila

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