Strait of Hormuz closure reverberates across Asia as oil prices and shipping face acute disruption Strait of Hormuz closure sends shockwaves through Asian economies as shipping firms suspend Gulf transits …
oil
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Business
ASEAN leaders agree to develop shared fuel reserve to curb oil shocks
by Sato Asahiby Sato AsahiASEAN fuel reserve plan unveiled at Cebu summit to blunt oil shocks ASEAN leaders at the Cebu summit agreed to create a shared fuel reserve to shield members from oil …
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Business
PM Takaichi urged to revive 1970s oil crisis measures amid energy shock
by Sato Asahiby Sato AsahiJapan Energy Crisis Echoes 1970s as Leaders Weigh Plan B Japan faces an energy crisis after the Iran war; policymakers are drawing on 1970s lessons and weighing strategic reserves, supplier …
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Business
Japan Pushes to Deepen Ties With African Oil and Mineral Producers
by Sato Asahiby Sato AsahiJapan bolstering economic ties with Africa to secure oil and industrial minerals Japan bolstering economic ties with Africa as Tokyo steps up diplomatic and trade outreach to oil- and mineral-rich …
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Business
Southeast Asia diversifies oil imports, tapping Brunei, Libya and the US
by Sato Asahiby Sato AsahiSoutheast Asia Shifts Oil Imports from Gulf to Brunei, Libya and U.S. Suppliers Trade and shipping data show Southeast Asian countries rerouting oil imports from the Gulf to Brunei, Libya …
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Business
Japan launches POWERR Asia energy security initiative to boost regional oil stockpiles
by Sato Asahiby Sato AsahiJapan energy security initiative POWERR Asia targets regional oil stockpiles and financing to bolster Asia-Pacific resilience Japan’s energy security initiative POWERR Asia aims to build regional oil stockpiles and financial …
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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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Pakistan fuel import bill surges to $800 million, threatening broad economic shock Pakistan fuel import bill surges from $300m to $800m, triggering a severe economic shock that raises inflation, strains …
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Standoff in the Strait of Hormuz Pushes Oil Above $120 as U.S. Gas Prices Hit Four-Year High Standoff in the Strait of Hormuz drives oil prices above $120 per barrel …