Oil prices pared earlier gains on Wednesday as worries over slowing world economic growth weighed on the markets. U.S. Energy Information Administration voiced expectations for increasing shale output, which put additional pressure on prices. On the other side, China and Japan indications to use stimulus measures to boost growth, alongside with OPEC-led output cuts, limited losses. Consequently, Brent crude edged 0.6% down at $61.14 a barrel, while WTI futures lost 0.7% to close at $52.62 a barrel.
read more... 24/01/2019
Japan's Hitachi suspended its major nuclear power station project in the U.K. over financing, the company announced Thursday.
read more... 18/01/2019
Russian natural gas producer Novatek has signed a memorandum of understanding (MoU) with Japanese gas distribution company Saibu Gas concerning liquefied natural gas (LNG) cooperation in Japan, Kallanish Energy reports.
read more... 04/01/2019
TOKYO (Reuters) - Japanese buyers of Iranian crude are expected to prepare for resuming oil imports from the Islamic Republic after the country was granted a waiver from U.S. sanctions, trade minister Hiroshige Seko said on Tuesday.
read more... 06/11/2018
Russia's Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said.
read more... 24/10/2018