Southeast 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 …
oil
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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 …
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Iran War Profiteering Drives Record Gains for Oil and Arms Firms as Energy Bills Bite Iran war profiteering has lifted oil and arms profits, driving up global energy prices, disrupting …
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Tensions Rise as Strait of Hormuz Blockade, Lebanon Exchanges Keep Oil and Shipping on Edge Strait of Hormuz blockade and Lebanese cross-border fighting keep oil above $107, threaten shipping lanes …
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Politics
Japan to Release 36 Million Barrels from Oil Reserves amid Hormuz Blockade
by Sui Yuitoby Sui YuitoJapan to Release Additional 36 Million Barrels from National Oil Reserves After Strait of Hormuz Disruption Japan will release 36 million barrels from its national oil reserves from May 1 …
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Business
Asian markets surge as AI boom and Hormuz oil shock threaten stagflation
by Sato Asahiby Sato AsahiK-shaped recovery deepens in Asia as AI stocks surge and Hormuz oil shock drives inflation K-shaped recovery in Asia widens as AI-fuelled rallies lift Tokyo and Seoul while a closure …