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DoE: Oil prices unlikely to drop anytime soon

7 April 2026
in Business
Reading Time: 3 mins read
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DoE: Oil prices unlikely to drop anytime soon
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By Sheldeen Joy Talavera, Reporter

THE COUNTRY’S Energy chief does not expect oil prices to immediately rebound from recent sharp increases, citing extensive damage to energy infrastructure in the Middle East.

“This war has been ongoing for four weeks now. There is a permanent damage in the structure of the international oil community,” Department of Energy (DoE)Secretary Sharon S. Garin told a virtual press briefing on Tuesday.

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