Business Jan 9, 2020

Japan pump price reaches ¥150 yen for first time in 7 months

The average retail price of regular gasoline exceeded ¥150 per liter this week for the first time in about seven months, and is expected to rise further next week amid escalating tensions between the United States and Iran. The average price rose ¥1.30 from Dec. ...

Turkey-Libya maritime EEZ deal rattles eastern Mediterranean

Business Dec 26, 2019

Turkey-Libya maritime EEZ deal rattles eastern Mediterranean

Turkish President Recep Tayyip Erdogan paid a surprise visit to Tunisia on Wednesday to discuss cooperation for a possible cease-fire in neighboring Libya, where Ankara supports the internationally recognized government. The visit comes after Turkey signed an accord with Libya's internationally recognized government last month ...

Trump approves sanctions over Russia-Europe gas pipeline

World Dec 21, 2019

Trump approves sanctions over Russia-Europe gas pipeline

President Donald Trump on Friday signed off on U.S. sanctions against companies building a Russian natural gas pipeline to Germany that Congress fears will give the Kremlin dangerous leverage over European allies. The sanctions, which are opposed by the European Union, were included in a ...

Japan oil distributor JXTG to be renamed Eneos

Business / Corporate Nov 28, 2019

Japan oil distributor JXTG to be renamed Eneos

Major Japanese oil distributor JXTG Holdings Inc. said Thursday it will change its name to Eneos Holdings Inc. in June 2020. Its core unit, refinery and gas station operator JXTG Nippon Oil & Energy Corp., will be renamed Eneos Corp. also next June. The rebranding is ...

Britain halts fracking due to quake concerns

Business Nov 2, 2019

Britain halts fracking due to quake concerns

Britain will impose an immediate moratorium on fracking, the government announced on Saturday, saying the industry risks causing too much disruption to local communities through earth tremors. Prime Minister Boris Johnson's government had previously signaled its support for the shale gas industry as it seeks ...