US EditionJapan's Weak Spot on Energy in Focus as Middle East Crisis Worsens -REI Chair
4 Articles
4 Articles
Japan's weak spot on energy in focus as Middle East crisis worsens -REI chair
TOKYO, March 11 : Japan should do more to reduce its reliance on imported fossil fuels, the chair of the Renewable Energy Institute said, after the escalating Middle East conflict halted tanker traffic through the Strait of Hormuz, underlining Japan's vulnerability to geopolitical risks.Japan relies on the re
The EIA (U.S. Energy Information Administration) has released its latest Short-Term Energy Outlook report amid the conflict in the Middle East. Brent crude oil prices have risen sharply since the start of hostilities in the Middle East. On March 9, the price of a barrel of Brent crude oil was recorded at US$94, a 50% increase from the price at the beginning of the year. This is mainly due to the reduction in oil transport through the Strait of H…
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