Cybersecurity

Philippines oil refinery secures 2.5 mn barrels of Russian crude

Ali Nemati3 days ago25 sec read16 views0 listens

The Philippines' sole oil refinery has secured nearly 2.5 million barrels of Russian crude to address severe fuel shortages and price hikes caused by geopolitical tensions in the Middle East. This move highlights the global impact of supply chain disruptions on energy markets, underscoring the need for countries to adapt their sourcing strategies amid sanctions and conflicts.

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Philippines oil refinery secures 2.5 mn barrels of Russian crude

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