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May 17, 2024
 

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OIL

Japan Times
BUSINESS
Mar 17, 2022
Russia-linked oil cargoes rush to U.S. before ban starts
Washington's ban gives petroleum importers until April 22 to discharge cargoes moving under pre-ban contracts.
Japan Times
BUSINESS / Economy
Mar 17, 2022
As costs rise in Japan, even businesses accustomed to deflation are raising prices
On top of changing ingredients or reducing portion sizes, firms have implemented unusual price hikes to goods such as cooking oil, snacks and popular instant noodle brands.
Japan Times
BUSINESS / Economy
Mar 17, 2022
Fuel price rally forces Japan to maximize subsidies to refiners
The country's average gasoline price stood at u00a5175.2 a liter on Monday, according to data from the trade ministry.
Japan Times
BUSINESS
Mar 15, 2022
Drillers awaken in Canada as war leaves world begging for oil
For years, the country's drillers have been in slumber. But as oil soared above $100 a barrel, the industry began to stir as the potential windfall became irresistible for some.
Japan Times
BUSINESS / Economy
Mar 15, 2022
Bank of Japan chief risks hitting inflation goal in a way he doesn’t want
Economists are predicting core consumer prices will rise at a pace of 2% or more this year as surging energy prices, a weakening yen and stabilizing phone charges feed inflation.
Japan Times
BUSINESS / Markets
Mar 14, 2022
Oil resumes decline as Iran, Russia and Fed jostle for limelight
Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks.
Japan Times
BUSINESS / FOCUS
Mar 12, 2022
A new world energy order is emerging from Putin’s war on Ukraine
Russian President Vladimir Putin's invasion of Ukraine is forcing governments worldwide to digest the geopolitical consequences of war pursued by an energy superpower.
Japan Times
BUSINESS
Mar 11, 2022
An oil shock is coming, but U.S. may have already paid for it
U.S. consumers may get gouged at the gas pump but will likely be able to maintain much of their expected spending on other items due to savings accumulated from pandemic spending programs.
Japan Times
BUSINESS
Mar 11, 2022
Oil’s sizzling rally takes a breather after tumultuous week
The fallout from the war against Ukraine has rippled through commodity markets from wheat to key fuels such as gasoline and diesel, increasing inflationary pressure around the world.
Japan Times
BUSINESS / Economy
Mar 10, 2022
Japan wholesale prices rose at record pace even before war in Ukraine
The latest data suggests inflationary pressures were building even before war in Ukraine triggered a broad surge in commodity prices.
Japan Times
WORLD
Mar 10, 2022
EU to phase out Russian energy, but won't offer Ukraine fast-track membership
Leaders of the 27-nation bloc are to meet in Versailles, France, on Thursday and Friday, as Russia's war against Ukraine enters its third week.
Japan Times
BUSINESS
Mar 10, 2022
UAE says OPEC+ should boost oil output, setting up tension in the group
According to a person familiar with the situation, the UAE hadn't consulted other OPEC+ members before its ambassador to Washington made his statement.
Japan Times
JAPAN
Mar 9, 2022
Japan to work closely with G7 in wake of U.S. ban on Russian oil, says Kishida
Resource-poor Japan relies heavily on imports to satisfy its energy needs, and remains cautious about taking sanctions targeting the Russian energy sector.
Japan Times
BUSINESS
Mar 9, 2022
Future turns dark for Russia’s oil industry
With short-term turmoil for the Russian oil industry a given at this point, the long-term future of an industry which bankrolls a large portion of the government budget has turned cloudy.
Japan Times
BUSINESS
Mar 9, 2022
Here’s how surging oil prices shift the economic outlook in Asia
Oil's relentless surge above $125 a barrel threatens to stoke inflation across Asia.
Japan Times
BUSINESS
Mar 9, 2022
In banning Russian fuel imports, U.S. refuses to subsidize Putin’s war
With other petroleum products included, Russia accounted for about 8% of 2021 oil imports to the U.S., though those shipments have trended lower in recent months.
Japan Times
BUSINESS
Mar 8, 2022
Hot on the heels of COVID, global aviation takes another battering as Russia sanctions bite
Manufacturers, lessors, insurers and maintenance providers for Russian carriers are among those hit directly by sanctions, while foreign airlines face high fuel costs and diverted routes.
Japan Times
JAPAN
Mar 8, 2022
Reactor restarts could be 'best option' for Japan to ride out energy shortages, senior LDP lawmaker says
Joining a U.S.-led import embargo on Russian oil would hit Japan hard, but nuclear energy could help ease any blow, former Defense Minister Itsunori Onodera said.
Japan Times
BUSINESS / Markets
Mar 8, 2022
Russian oil becoming untouchable as purchases slammed and U.S. mulls ban
Tension between economic imperative and political pressure to respond to Russia's invasion of Ukraine is dragging the oil market toward a watershed.
Japan Times
ASIA PACIFIC / Politics
Mar 7, 2022
China’s policy show offers little to cheer on climate progress
Instead of setting a yearly target for reducing energy consumption, Beijing sought 'appropriate flexibility” to seek a balance between carbon goals and economic growth.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Kishida defends planned rule to revoke foreigners' residency
Prime Minister Fumio Kishida speaks during a meeting of the Lower House Judicial Affairs Committee on Wednesday.
Human bone-like objects found at Nippon Steel plant’s molten iron pot, with one worker missing
Police believe it’s highly possible that human bones found in a molten iron pot at Nippon Steel's Oita factory belong to a missing male employee.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Man suspected of using smart glasses to cheat on Waseda University exams
The Waseda University campus in Tokyo. An 18-year-old male test-taker is suspected of using smart glasses to cheat during the university's entrance exam.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japanese rap creates its mecca in Pop Yours
Tokyo-based artist Jumadiba says he forgoes the label of simply “rap” for his music because the Japanese rap scene isn’t confined to a particular sound.
Who’s toughest on China? Biden’s tariff tactic ups ante as election looms.
U.S. President Joe Biden speaks about new actions to protect American workers and businesses from China's "unfair" trade practices, in the Rose Garden of the White House in Washington on Tuesday.
Was Onosato's defeat of Terunofuji an era-defining bout?
Onosato (right) defeats Terunofuji at the Ryogoku Kokugikan in Tokyo on May 12. While nothing in sumo is guaranteed, it seems almost inevitable that Onosato is destined for the top of the sport's pyramid.
Ishin struggles to set itself apart from other parties
Nippon Ishin no Kai Secretary-General Fumitake Fujita (right) speaks beside Yui Kanazawa, the party's candidate in the Tokyo 15th district by-election on April 28. Nippon Ishin lost in this by-election as well as another in Nagasaki held on the same day.

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