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 ...

Per Japanese government instructions, refiner Taiyo Oil has bought a cargo of Russia’s Sakhalin crude to ensure stable production of the LNG plant that supplies gas to Japan, a company spokesperson ...

Crude oil imports in Japan, the world’s fourth-largest crude buyer, jumped by 8.5% annually in 2022, the first yearly increase in a decade, while the value of crude imports nearly doubled to a record, ...