Japan's demand for oil is truly monstrous. Even if domestic oil consumption has wound down slightly in the last four decades, this one island nation consumed a staggering 151.4 million metric tons of ...

TOKYO (Reuters) -Japanese oil refiners should consider diversifying supply sources as 95% of its crude imports come from the Middle East, but importing Canadian oil could be challenging due to its ...

Preliminary data released on Thursday by Japan’s Ministry of Finance showed that the country’s crude oil imports from Iran dropped 42 percent month-on-month to 169,100 barrels per day (bpd) in April.

Japan has begun purchasing Russian crude oil above the $60-a-barrel cap, breaking with Western allies thanks to an exception authorized by the United States. As many European nations weaned themselves ...

Crude oil imports in Japan, the world’s fourth-largest crude buyer, jumped by 8.5% annually in 2022, the first yearly increase in a decade, while the value of crude imports nearly doubled to a record, ...

Japan has been paying enormously for importing fossil fuels to replace shuttered nuclear power plants. And its future supply of oil remains in doubt, posing possible grave economic consequences for ...

TOKYO (Reuters) -The Japanese yen, normally one of the most sought after safe havens in times of geopolitical stress, has dropped 2.4% against the U.S. dollar and 1.4% against the Swiss franc since ...