Philippines Boosts Fuel Stocks as It Looks to Americas for Supply.

The article focuses on the Philippines' efforts to increase its petroleum product stockpile amid supply disruptions caused by the ongoing war in Iran. As of March 27, the country's inventory of gasoline, diesel, jet fuel, and other products reached approximately 51 days, up from 45 days, supported by the state-owned Philippine National Oil Company (PNOC) securing additional imports from Japan, Malaysia, Singapore, India, Oman, and Russia. The Philippines, heavily reliant on Middle Eastern oil, is actively seeking alternative suppliers, including countries in the Americas such as Colombia, Argentina, Canada, and the US, to diversify its sources and address the national energy emergency. The government has also obtained a US waiver allowing purchases of Russian crude oil until April 12, facilitating continued procurement despite international tensions. [Extracted from the article]