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Petron procures 2.48M barrels of Russian crude amid Middle East supply concerns
MANILA – Petron Corp. confirmed the purchase of 2.48 million barrels of crude oil from Russia to bolster its inventory until June, citing a “precarious” national fuel supply due to the ongoing Middle East conflict. The listed fuel retailer, which controls about 30% of the Philippine market and operates the country’s only refinery, said the…




