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The decision of the Organization of Petroleum Exporting Countries (OPEC) to keep producing oil at current high levels is definitely good news for the Philippines, the LPG Marketers’ Association (LPGMA) party-list group said yesterday.

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Falling crude oil prices can prove to be a boon to the Philippines,  adding momentum to the already strong domestic economy and pumping about $6 billion more in consumers’ pockets, a top official of the Department of Finance said.

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OXFORD ECONOMICS LTD

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abtest

Lower oil prices seen in next few months

By Paolo Romero | December 6, 2015 - 9:00am

The decision of the Organization of Petroleum Exporting Countries (OPEC) to keep producing oil at current high levels...

Headlines

Phl a big winner in falling oil prices

By Zinnia B. Dela Peña | January 21, 2015 - 12:00am

Falling crude oil prices can prove to be a boon to the Philippines,  adding momentum to the already strong domestic economy and pumping about $6 billion more in consumers’ pockets, a top official of the...

Business