No. America produces more oil than any country on earth and has abundant natural gas. It’s not facing the existential supply crisis forcing the Philippines to uncap coal plants, South Korea to restart …
Petron secures 2.5 million barrels of Russian crude
The Philippines’ sole oil refinery has secured nearly 2.5 million barrels of Russian crude out of “extreme necessity”, a stock exchange filing revealed Monday, as the country seeks to replenish …
Philippines says it is working with Washington to obtain oil from U.S.-sanctioned countries
The Philippines is working with Washington to secure waivers and exemptions that will allow it to obtain oil from U.S.-sanctioned countries and guarantee supplies, its ambassador to the United States said.
Philippines secures 220-billion-yen loan for Metro Manila Subway
The Philippines Department of Finance and JICA sign financing agreements for the Metro Manila Subway and the Central Mindanao High Standard Highway.
‘We are being choked’: Philippines transport workers strike over fuel costs
Drivers say they are struggling to cope, while the government declares a national energy emergency.
Philippines property price growth slows in Q4
MANILA, Philippines — Residential property prices in the Philippines posted their slowest increase in more than six years in the fourth quarter of 2025 as gains moderated across most segments, …
Venture capitalists eye Philippines
The Philippines’ financial and health technology sectors continue to attract venture capitalists, banking on the strength of a young demographic of digitally savvy Filipinos seeking stable, …
Philippines declares national emergency as Asia risks energy crisis amid Iran war
The Philippines has declared a national energy emergency in response to the U.S.-Israeli war with Iran, marking the latest sign of strain in Asia as the Middle East conflict stifles oil delivery and …
Russian oil arrives as Philippines battles ‘energy emergency’
A ship carrying more than 700,000 barrels of Russian crude oil has arrived in the Philippines, a source with knowledge of the matter told AFP Thursday, days after the country declared a national …
Asia embraces energy austerity as dire fuel shortages force Philippines to declare national emergency
As the war with Iran drags on, energy-starved nations in Asia –– including close US allies –– are resorting to increasingly extreme measures to keep their economies afloat.