Tag - oil

 
 

OIL

Kansai Electric Power is preparing to decommission the No.1 and No. 2 units at its oil-fired Gobo thermal power station in Wakayama Prefecture, according to informed sources.
JAPAN
Sep 26, 2025
Kansai Electric to retire two units at Gobo oil-fired power station
The two units are expected to be decommissioned around next June, sources said.
U.S. President Donald Trump speaks to members of the media as he meets with Turkish President Recep Tayyip Erdogan in the Oval Office of the White House in Washington on Thursday.
WORLD
Sep 26, 2025
Trump suggests he may lift sanctions on Turkey but presses on Russian oil
Turkish President Recep Tayyip Erdogan's first visit to the White House in about six years started off with a warm welcome from Trump.
A crude oil tanker berths at an oil terminal, off Waidiao Island in Zhoushan, China. The country’s large-scale oil stockpiling is driven by cheap prices, expanded storage, new legal mandates, energy security worries and efforts to diversify away from U.S. assets.
COMMENTARY / World
Sep 21, 2025
Why is China stockpiling so much oil?
In problem-solving, the principle of Occam’s razor recommends searching for the simplest explanation. So perhaps the answer is as straightforward as "because it’s cheap.”
U.S. President Donald Trump insisted he was committed to ending the war in Ukraine and repeatedly expressed his frustration with Russian President Vladimir Putin.
WORLD / Politics
Sep 19, 2025
Trump says Putin ‘let me down’ and allies must stop buying Russian oil
While Trump said he’d be willing to consider other efforts to punish Putin, he signaled such moves would be contingent on allies ending purchases of Russian energy.
The coal-fired Hunter Power Plant in Castle Dale, Utah in 2024. A former U.S. climate envoy says President Donald Trump is leading the world "in the wrong direction" on climate and weaponizing clean energy as a culture war issue.
WORLD / Politics
Sep 18, 2025
Ex-U.S. climate envoy: Trump threatening 'consensus science' worldwide
John Podesta, former U.S. President Joe Biden's senior point person on international climate policy, testified in a case challenging the administration's fossil fuel agenda.
The CCGS Naalak Nappaaluk, an oceanographic science vessel and summer-rated icebreaker, under construction at Seaspan Shipyards
WORLD
Sep 17, 2025
Nations aiming for Arctic power can’t get enough of these ships
Thawing of the top of the world from climate change has stirred a global competition to forge new, previously unnavigable shipping routes.
Finance Minister Katsunobu Kato takes part in an online meeting of Group of Seven finance ministers on Friday.
BUSINESS
Sep 17, 2025
Japan pushes back on U.S. call for tariff hikes over Russian oil
Tokyo is cautious about joining efforts to raise tariffs on countries trading with Russia as Japan itself has continued importing LNG from its neighbor.
U.S. President Donald Trump aboard Marine One on Friday. On Saturday, Trump set conditions for imposing new sanctions on Russia, saying he would do so only if all NATO member nations did the same as well as stopped buying Russian oil and imposed steep tariffs on China.
WORLD / Politics
Sep 16, 2025
Europe stumped by Trump demands over Russia sanctions
Diplomats fear it could be a ploy by the U.S. president to again stall on taking a tough stance against Moscow himself.
U.S. President Donald Trump attends a news conference during a NATO summit in The Hague in June.
WORLD / Politics
Sep 14, 2025
Trump presses NATO nations to halt Russian oil purchases
In recent weeks, the U.S. has stepped up pressure on NATO countries to tighten energy sanctions on Russia in a bid to help end its war with Ukraine.
Local residents walk across a bridge as smoke rises following Russian drone and missile strikes in Kyiv on Sept. 7.
WORLD / Politics
Sep 13, 2025
U.S. urges G7 and EU to impose tariffs on China and India over Russian oil
Washington is also calling for a legal pathway to seize immobilized sovereign Russian assets and using the principle of those assets to fund Ukraine’s defense.
Oil pump jacks outside Almetyevsk, Russia, in July.
JAPAN
Sep 12, 2025
Japan expands sanctions against Russia
Tokyo will freeze the assets of 14 individuals and 51 organizations, including Russian officials, company executives and pro-Russian figures in Ukraine.
Eight companies are suspected of maintaining or raising prices of diesel fuel sold in Tokyo to transportation and other companies.
JAPAN / Crime & Legal
Sep 10, 2025
Eight companies raided in Japan over diesel fuel cartel
According to the sources, the firms are suspected of maintaining or raising prices of diesel sold in Tokyo to transportation and other companies.
A water-based solar farm operated by the China Energy Conservation and Environmental Protection Group on the outskirts of Jiaxing, China, in 2018
ENVIRONMENT / Energy
Sep 9, 2025
China’s green push may cut global fossil use by 2030, says think tank
"China’s surge in renewables and whole-economy electrification is rapidly reshaping energy choices for the rest of the world," Ember said.
Prime Minister Shigeru Ishiba meets with his Indian counterpart, Narendra Modi, in Tokyo on Friday.
COMMENTARY / Japan
Sep 3, 2025
Can India and Japan deliver on their energy agenda?
As geopolitics in the Indo-Pacific shifts, energy has become central to how India and Japan define their partnership.
French President Emmanuel Macron and German Chancellor Friedrich Merz attend a joint news conference in Toulon, France, on Friday.
WORLD / Politics
Aug 30, 2025
German and French leaders push for secondary sanctions on Russian backers
The two European leaders are increasing pressure on Moscow as U.S. President Donald Trump’s peace efforts sputter.
Indian Prime Minister Narendra Modi at the presidential palace in New Delhi on Aug. 5
BUSINESS / Economy
Aug 27, 2025
U.S. slams India with 50% tariffs, among highest in the world
The move upends a decadeslong push by Washington to forge closer ties with New Delhi and court India as a counterweight to China.
Vanitha Anand Bhat, 43, who works with her husband, Raya Anand Bhat, 48, pours coconut oil into a plastic bottle inside their small coconut mill in Kochi, India, on July 23.
BUSINESS / Markets
Aug 21, 2025
Humble coconut oil turns into a luxury on rising demand, shrinking output
Output across major producer nations, from India to Southeast Asia, has been disrupted by lower rainfall and extended heat, as well as pests and disease.
Indian Prime Minister Narendra Modi and Chiese President Xi Jinping in 2016. Modi has said he’s looking forward to meeting Xi during a visit China later this month — his first trip to the country in seven years.
ASIA PACIFIC / Politics
Aug 20, 2025
Modi hails China ties as Washington takes swipe at India's 'richest families'
New Delhi has been recalibrating its foreign policy more toward China and other BRICS group members after U.S. President Donald Trump threatened to boost tariffs.
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi during a signing ceremony at the Shanghai Cooperation Organization summit in Qingdao, Shandong Province, China, in 2018.
ASIA PACIFIC / Politics
Aug 19, 2025
Modi hails ‘friend’ Putin and boosts China ties in tilt from U.S.
The move is another sign the South Asian nation is tilting away from the U.S. in the face of Donald Trump’s tariff threats.
A Pertamina fuel storage facility at Tanjung Priok port in Jakarta in 2022
BUSINESS / Companies
Aug 18, 2025
Indonesia’s ‘gasoline godfather’ targeted in $18 billion graft probe
Mohammad Riza Chalid is the most audacious target to date for the current administration, as it reshuffles its energy procurement and attempts to supercharge growth.

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Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?