Manila, March 30, 2026 (AFP) - Philippines oil refinery secures 2.5 mn barrels of Russian crude

NAMPA / AFP
2026-03-30
The Philippines' sole oil refinery has secured nearly 2.5 million barrels of Russian crude out of "extreme necessity", a stock exchange filing revealed Monday, as the country seeks to replenish fast-dwindling fuel reserves. The Philippines has seen the price of fuel hit historic highs since the US-Israeli war with Iran forced the partial closure of the Strait of Hormuz, with President Ferdinand Marcos most recently saying stocks could last until......
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