
Can ASEAN Fuel-Sharing Help Protect the Philippines from the Next Oil Shock?
President Ferdinand Marcos Jr. recently urged ASEAN to activate the ASEAN Petroleum Security Agreement (APSA) as Middle East tensions unsettle energy markets. Marcos offered the Philippines as host of a regional emergency simulation and proposed studying joint oil stockpiling. The ASEAN Fuel-Sharing Pact APSA was designed to improve petroleum security








