Iraq balks at greater Chinese control of its oilfields
China's strengthening relationship with Iran has helped its position in Iraq due to Tehran's influence there, but the oil ministry is wary of ceding control over the country's key resource.
Japan says Sakhalin energy projects do not contradict Russia sanctions
A top official also said if Japan's stakes in the projects are obtained by other countries, there is a possibility that those not imposing sanctions against Russia will benefit.
Biden’s hopes for Iran deal fade just when world needs oil most
For Iran, $100 per barrel oil has mitigated the urgency to secure sanctions relief. Crude prices have almost doubled since talks began a year ago.
Should Europe stop paying for Putin’s war?
If Europeans face economic hardship by ceasing to use Russian energy, is that really too much to ask after the invasion of Ukraine?
Banning Russian LNG tough without supply alternatives, Japan minister says
Trade minister Koichi Hagiuda did not rule out the possibility of LNG joining the sanction list in the future, while being mindful of Europe's dependency on Russian LNG.
Russian crude keeps flowing while Europe wrangles over sanctions
Shipments of the nation’s crude were little changed in the seven days to Friday compared with the previous week.
Japan to phase out Russian oil use but remain in Sakhalin energy projects
The ban "in principle" on Russian oil imports is expected to come in stages, and is expected to have limited effect on Japan's supplies.
G7 commits to Russian oil import ban or phaseout amid Ukraine war
Japan, a resource-poor country that has been importing Russian crude to diversify its supply sources, had been reluctant to prohibit Russian oil imports.
Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project
Its net exposure to Russia, including long-term credit, fixed assets and investments, was reduced to ¥12.3 billion as of the end of March, the company said.
Japan trade minister takes negative stance on Russian oil import ban
"Japan has limited resources and it is difficult for us to immediately align ourselves" with the EU, trade minister Koichi Hagiuda told reporters.
Can Europe survive without Russian oil? Nuclear power may be key.
After agreeing to cut Russian gas, the EU has proposed a ban on Russian oil imports — but this could further complicate energy security, as prices are spiking.
EU plans to ban Russian oil by the end of the year due to Ukraine invasion
The EU is also proposing to cut off Sberbank and other lenders from the SWIFT international payment system, European Commission President Ursula von der Leyen said.
