PHL crude oil supplies primarily sourced from Middle East, but Ukraine crisis to still impact on oil prices – DOE

Long-term and short-term measures identified to address crisis   (Eagle News) – The Philippines’ energy department admitted the country is “at the mercy of global price movements” and would be affected with the continuing Russia-Ukraine conflict. Energy Secretary Alfonso Cusi said that while the Philippines primarily gets its crude oil requirements from the Middle East, the impact of the Ukraine crisis will be felt in the international oil markets and thus have a direct impact […]