Energy & Climate March 29, 2026 321 stories in this edition

Philippine oil refiner Petron buys Russian crude, eyes alternatives

SCMP Asia / Asia / 1m ago / Bloomberg
Philippine oil refiner Petron buys Russian crude, eyes alternatives

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Petron Corp., the Philippines’ only refiner, has procured 2.48 million barrels of crude oil from Russia as the Southeast Asian nation scours the world for alternative suppliers to support domestic energy needs with the war in Iran raging. “If the current crisis persists and alternative crude sources remain unavailable or insufficient, Petron may again be compelled to consider purchases of Russian crude oil to augment...

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Petron Corp., the Philippines’ only refiner, has procured 2.48 million barrels of crude oil from Russia as the Southeast Asian nation scours the world for alternative suppliers to support domestic energy needs with the w...

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