Philippines Seeks Long-Term Oil Supply Deal With Russia
The Philippines is looking to formalize a deal to buy oil from Russia on a more permanent basis amid the energy crisis and heightened geopolitical tensions, Philippines President Ferdinand R. Marcos Jr. has said. The Philippines has been one of the worst-hit Asian economies in the current oil supply crisis triggered by the Middle East conflict, and has turned to Russia for ad-hoc spot supply to cover the shortfall of cargoes from the Middle East. Now the Asian country is looking to make the Russ...
Original Source
Read the full article at Oilprice →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.