If attacks on oil processing facilities escalate, as Trump threatens, oil prices could spike to $200 per barrel – or more. We are among the most vulnerable to a supply crisis. In the face of yet another energy crisis, we celebrate the discovery of new gas deposits at the Camago-3 well off Palawan. The additional reserves yielded by the Camago-3 well helps us somehow cope in the midst of a global LNG shortage. We are not even sure we could afford counter-cyclical programs like those we executed during the 2008 global financial crisis.

Source: Philippine Star April 06, 2026 16:35 UTC