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 ...

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 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 ...

Japan joins the EU in cutting the price cap on purchases of Russian oil to $47.60 per barrel, in a move effective Friday and aimed at punishing Russia over the war in Ukraine, yet unlikely to affect ...

Resource-poor Japan, a major importer of crude oil and natural gas, is increasingly concerned that the rally in oil prices would slow the global economic recovery, a senior government official told ...

An event-packed week has kicked off with global traders on edge, as oil futures and the Japanese yen declined on Monday. Oil futures slid more than 4% as concerns over supply disruptions eased after ...

Japan will ban Russian crude oil imports "in principle," as part of a Group of Seven (G7) campaign to counter Russia's invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of ...