Philippines Receives Russian Oil After US Sanctions Waiver

Philippine refiner Petron Corp. has received a shipment of Russian oil, according to its chief executive officer, after the US issued a waiver allowing the purchase of the crude.

By Andreo Calonzo, Cliff Harvey Venzon · Bloomberg Markets

Philippine refiner Petron Corp. has received a shipment of Russian oil, according to its chief executive officer, after the US issued a waiver allowing the purchase of the crude.