Oil Supply Enough for 50 Days; Buffer Shipments Arriving This Month

Oil supply enough for 50 days; buffer shipments arriving this month

MANILA, Philippines – The country’s domestic oil supply remains sufficient for about 50 days, with additional buffer stocks set to arrive this month under the government’s procurement program, Department of Energy (DOE) officials said Tuesday. During an online briefing, DOE Undersecretary Sandy Sales said around 900,000 barrels are scheduled for delivery in April, with the first shipment expected this week. He said an initial 300,000 barrels wil…

DOE: Philippines’ fuel supply can last up to 50.42 days

MANILA, Philippines – The Philippines’ supply of fuel will last until the latter half of May, giving it some leeway to help petroleum companies replenish their stockpiles, the Department of Energy (DOE) said on Tuesday, April 7. Based on the latest data from the DOE’s Oil Industry Management Bureau (OIMB), the country’s average fuel supply slightly decreased to 50.42 days from the previous week’s 50.9 days. But Energy Secretary Sharon Garin told…

DOE: PH fuel supply good up to 50 days

The country"s fuel inventory remains good for 50.42 days, or enough until late May, amid the global oil supply disruption caused by ongoing tensions in the Middle East, the Department of Energy (DOE) said Tuesday.

PH has fuel supply until May, says Energy chief

MANILA, Philippines — The country's reserve fuel supply is expected to last up to 50 days or until the end of May, the Department of Energy (DOE) said on Tuesday.The DOE said that as of April 3, gasoline is estimated to last for 58 days; diesel, 47 days; kerosene 106 days; jet fuel at 66 days; fuel oil at about 52 days; and LPG at 33 days.The DOE also clarified that it was continuing to procure more supply and was expecting more fuel to come in …