Philippines eyes Russian oil amid supply fearsCountries across Asia are now scrambling to secure fuel supplies as shipping disruptions tighten global availability. MANILA, Philippines — The Philippines has approached Russia about the possibility of importing oil as the government looks for alternative supply sources, Energy Secretary Sharon Garin said. The Philippines imports almost all of its petroleum requirements, making it highly vulnerable to disruptions in global supply chains. The United States has also taken steps involving Russian oil as it tries to stabilize global markets. The waiver could affect about 100 million barrels of Russian oil, according to officials.

Source: Philippine Star March 17, 2026 05:01 UTC