Source link : https://capital-cities.info/2026/03/28/world/asia/philippines/president-ferdinand-marcos-jr-assures-philippines-crude-oil-supply-will-remain-secure-until-mid-2026/
MANILA, Philippines – In a pivotal announcement on Friday, President Ferdinand Marcos Jr. reassured the nation of ample crude oil reserves, confirming that the Philippines has enough supply to meet its energy demands until June 30, 2026. This declaration comes at a critical time as global energy markets continue to experience volatility, affecting both consumers and industries alike. The government’s commitment to maintaining a stable energy supply is expected to bolster confidence among investors and consumers in an increasingly uncertain economic landscape. As the country navigates the challenges of energy sustainability and price fluctuations, this announcement aims to ensure energy security and support national growth.
Oil Supply Assurance in the Philippines: President Marcos Jr. Confirms Stock Adequacy Until 2026
In a significant announcement on Friday, President Ferdinand Marcos Jr. assured the Filipino populace of the country’s robust crude oil supply, claiming it is sustained through June 30, 2026. This declaration underscores the government’s commitment to ensuring energy security amid fluctuating global oil markets. With this assurance, the administration aims to stabilize fuel prices and mitigate the potential impact of international oil volatility on local consumers and industries. The President emphasized that this stock adequacy could help in maintaining essential services and fostering economic growth.
The government has implemented strategic…
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Author : Caleb Wilson
Publish date : 2026-03-28 13:40:00
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