Japan Should Keep Focus on Cheap Mideast Oil, Local Refiner Says

Japan should continue to rely on the Middle East for the bulk of its crude as that’s cost-effective, processor Taiyo Oil Co. said, pushing back against a government drive to...

By Kanoko Matsuyama and Tsuyoshi Inajima · Bloomberg Markets

Japan should continue to rely on the Middle East for the bulk of its crude as that’s cost-effective, processor Taiyo Oil Co. said, pushing back against a government drive to diversify triggered by the US-Iran war.