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  • Philippine gov’t to buy 2 million barrels of oil amid Middle East price surge

    Philippine gov’t to buy 2 million barrels of oil amid Middle East price surge

    MANILA — The government, through the Philippine National Oil Company-Exploration Corp., is looking to secure at least two million barrels of oil to strengthen the country’s buffer against supply and price uncertainties triggered by the ongoing Middle East crisis. Finance Secretary Frederick Go said during the InvestPH Investors Conference that rising fuel prices and short-term…