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 ...

Japan’s Trade Minister Yoji Muto said the country is gradually cutting its reliance on Russian LNG, which still makes up about 10% of its imports.

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 ...

The United States is urging Japan to stop purchasing Russian oil and gas as President Donald J. Trump seeks to increase ...

Japan would be hard placed to follow in the EU’s footsteps and embargo Russian oil and oil products, the country’s economy, trade, and industry minister Koichi Haguida said today, as quoted by Reuters ...

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 ...

TOKYO, Feb 15 (Reuters) - Japanese oil refiners may buy Russian crude from the Sakhalin-2 oil and gas project, if needed, to secure a stable supply of liquefied natural gas (LNG), the president of the ...

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 ...