The Philippines is turning to the United States to build its oil stockpile amid the global energy crunch, with observers saying the move could also serve Washington’s military interests and deepen strategic ties.
A bilateral deal could deliver more immediate benefits than a broader Asean stockpile, which would entail coordination hurdles, analysts said, but questions remain over how quickly Manila could establish such a reserve and whether it would meaningfully reduce long-term dependence on…
Source: www.scmp.com
