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 ...

Asian refiners are importing less crude from the Middle East. Saudi Arabia is still the top supplier to Asia as a whole, far ahead of both the United States and Brazil. Reuters’s Clyde Russell ...

Since US and Israeli attacks instigated war with Iran on February 28, the Strait of Hormuz, which is a chokepoint for oil transportation in the Middle East, has been effectively closed to traffic.

Japanese oil refiners are asking the government to release crude from the nation's strategic petroleum reserves as the Middle East crisis worsens, according to people familiar with the matter. Image ...

Asian oil buyers are central to the Hormuz crisis because Asia takes the overwhelming share of the crude and fuel that moves through the strait. The U.S. Energy Information Administration said 89% of ...

TOKYO, March 23 (Reuters) - North America is one potential alternative source of crude oil for Japanese oil refiners, with Ecuador, Colombia and Mexico also seen as possible options, ‌Japan Petroleum ...

Asian oil refiners are considering whether to cut run rates or bring forward maintenance as the widening Middle East war and difficulties shipping through the Strait of Hormuz threaten their access to ...

A Japanese oil tanker arrived in Japan on Monday, becoming the first to transit the Strait of Hormuz since the start of the Iran war, which has left traffic through the vital energy route heavily ...