Global crude oil inventories to drop below 100 days amid Strait of Hormuz blockade Global crude oil inventories set to fall below 100 days of demand as the Strait of …
crude
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Politics
Idemitsu Maru returns to Nagoya, signals costly risks for alternative crude sourcing
by Sui Yuitoby Sui YuitoIdemitsu Maru Returns to Nagoya Port, Forcing Costly Shift in Japan’s Crude Sourcing Idemitsu Maru docks at Nagoya Port on May 25, 2026 as Japan pivots crude sourcing. The move …
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Business
Japanese tankers transporting Middle Eastern crude rely on ship-to-ship transfers
by Sato Asahiby Sato AsahiHalf of Japan’s Middle Eastern Crude Arrives via Ship-to-Ship Transfers, Analysis Shows Analysis finds about half of tankers bringing Middle Eastern crude to Japan from March–May used ship-to-ship transfers off …
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Business
Iran resorts to decommissioned tankers for crude storage after Hormuz blockade
by Sato Asahiby Sato AsahiIran crude oil storage crisis deepens as tankers become floating reserves Iran crude oil storage woes intensify as U.S. Navy blockade of the Strait of Hormuz forces Tehran to store …
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Business
Taiyo Oil buys Sakhalin-2 crude, says spot purchase not subject to sanctions
by Sato Asahiby Sato AsahiTaiyo Oil buys crude from Sakhalin-2 amid Middle East turmoil, says spot purchase not subject to sanctions Taiyo Oil buys crude from Sakhalin-2 to boost supply stability amid Middle East …
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Business
Hengli Petrochemical shares plunge after U.S. sanctions over Iran crude ties
by Sato Asahiby Sato AsahiHengli Petrochemical Shares Fall Sharply After U.S. Sanctions Refinery Unit over Alleged Iran Oil Purchases Shares of Hengli Petrochemical plunged after the U.S. Treasury on April 27, 2026, sanctioned a …
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War on Iran removes about 500 million barrels from global oil market, Kpler finds Kpler says the war on Iran removed about 500 million barrels from the global oil market, …