# Philippines Talks Oil Storage with Saudi Arabia, Russia, US

https://www.scmp.com/news/asia/southeast-asia/article/3372455/philippines-holds-oil-storage-talks-saudi-arabia-russia-us

The Philippines seeks oil storage with Saudi Arabia, Russia, and the U.S. to hedge against fuel price spikes from the Iran war. It plans to boost diesel and gas power amid steep drops in hydropower and solar output due to El Nino. Energy imports remain critical for the nation's supply.

Image: https://cdn.i-scmp.com/sites/default/files/styles/1280x720/public/d8/images/canvas/2026/10/28/9dbc3151-ea1f-488d-8072-16966307751a_aab15e9f.jpg?itok=bATlb9xo&v=1793182350

#oil #energy #philippines #elniño

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Canonical URL: https://qwibbit.com/q30392

Created: 2026-10-28T10:28:37.855512+00:00

Last edited: 2026-10-28T10:28:37.855512+00:00

Board: 3

Origin: Syndicated

Original source: https://www.scmp.com/news/asia/southeast-asia/article/3372455/philippines-holds-oil-storage-talks-saudi-arabia-russia-us