Last week, domestic pump prices increased by nearly P3 per liter due to concerns that tougher sanctions on the Russian oil industry could tighten supply in the global oil market.

The largest U.S. oil company intends to more than triple its production in the Permian, the top U.S. shale field, and pump 1.3 million barrels per day from its lucrative operations in Guyana by 2030.

NEW YORK, Jan 23 (Reuters) - Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.

PORTLAND, Ore. (KTVZ) – The price of crude oil jumped to $80 a barrel last week, and that’s pushing pump prices higher in 45 states, including Oregon, AAA Oregon/Idaho reported Tuesday.