Oil traders quiet on May supply – local oil firms

2026-03-26 - 05:00

MANILA, Philippines — Fuel companies on Thursday admitted that no oil traders have committed to supplying stocks for May. The Philippine Institute of Petroleum (PIP) and the Independent Philippine Petroleum Companies Association (IPPCA) made the revelation during the Senate Proactive Response and Oversight for Timely and Effective Crisis Strategy (Protect) committee hearing. “So many of