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December 05, 2024
 

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OIL

A solar farm in Switzerland. Solar power is leading the power’s sector’s transformation, with investment in the area set to reach $500 billion this year.
ENVIRONMENT / Energy
Jun 6, 2024
Clean energy spending set to reach twice that on fossil fuels, IAEA reports
Nonetheless, continued spending on coal, gas and oil remains at a level that’s too high to conform with global climate goals.
South Korean President Yoon Suk-yeol speaks during a trilateral summit with Japanese Prime Minister Fumio Kishida and Chinese Premier Li Qiang during their meeting at the Blue House in Seoul on May 27.
ASIA PACIFIC / Politics
Jun 3, 2024
South Korea to explore vast oil and gas prospects off east coast, Yoon says
The 500 billion won ($363 million) drilling project is slated to begin towards the end of the year, aiming for results by mid-next year.
In a boon to Saudi Arabia's government, which is seeking to fund a massive economic transformation plan, Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday.
BUSINESS / Markets
Jun 3, 2024
Saudi Aramco’s $12 billion stock offer sells out in hours
The extent of foreign participation will be closely watched as an indicator of interest in Saudi Arabia's assets.
Tomohide Miyata, who became Eneos Holding's CEO in April
BUSINESS / Companies
May 31, 2024
Eneos seeks female directors in wake of harassment scandals
Japan's top oil refiner has nominated four women and seven outside directors to be elected by shareholders to a smaller 10-seat board.
Nawaf Al-Osimy, chief technical officer of the Jazlah Water Desalination plant, which draws vast quantities of water from the Persian Gulf and makes it drinkable, in Jubail, Saudi Arabia, on March 4.
ENVIRONMENT / Energy
May 30, 2024
Saudi Arabia eyes a future beyond oil
The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.
Massive oil reserves mean the U.S. is less enthusiastic about energy transition than China, which is charging ahead with clean technology.
COMMENTARY / World
May 30, 2024
America is joining its frenemies back in the fossil fuel club
For most nations, the energy transition isn’t just sought for climate reasons, it’s also a strategic and economic necessity.
Shipping containers at the port in Ningbo, China, March 27, 2024. The U.S. and Europe are trying to catch up to China’s lead in industrial policy, a rival skilled in using all the levers of government and banking to dominate global manufacturing.
ASIA PACIFIC / Politics
May 28, 2024
How China pulled so far ahead on industrial policy
In 2022, Beijing accounted for 85% of all clean-energy manufacturing investment in the world, according to the International Energy Agency.
Crude oil tanker NS Creation, owned by Russia's leading tanker group Sovcomflot, transits the Bosphorus shipping strait in Istanbul in May 2022.
WORLD / Politics
May 20, 2024
Virtually every sanctioned Russian oil tanker is idle and empty
Since October, 40 ships involved in Russia’s oil trade have been added to the Treasury’s list of designated entities.
Saudi Crown Prince Mohammed bin Salman attends a meeting with Russia's president in Riyadh last December.
JAPAN / Politics
May 20, 2024
Saudi crown prince postpones Japan trip over king’s health
Saudi sources said Monday that members of the delegation would still travel to Japan for some talks.
Saudi Crown Prince Mohammed bin Salman welcomes Prime Minister Fumio Kishida in Jeddah, Saudi Arabia, last July.
JAPAN / FOCUS
May 18, 2024
Saudi crown prince seeks soft power in game hub Japan
Crown Prince Mohammed bin Salman will visit Japan soon, where he will hold talks on energy while hunting more opportunities in gaming.
Notwithstanding the increase in EV sales, there are now more cars than ever powered by internal-combustion engines.
COMMENTARY / World
May 14, 2024
Nevermind those EVs — oil demand keeps growing
The oil bulls still have reason to worry: With OPEC+ trying to keep prices as close as possible to $100 a barrel, non-OPEC supply, including from biofuels, keeps surging.
Orangutans at Malaysia's National Zoo in Kuala Lumpur in 2021. The orangutan is critically endangered, with a population of less than 105,000 on the island of Borneo, according to conservation group WWF.
ASIA PACIFIC / Politics
May 9, 2024
Malaysia eyes 'orangutan diplomacy' with nations that import palm oil
But concerned wildlife advocates are calling for alternative measures to protect the ape's habitat and improve the sustainable production of the commodity.
Russian officers march during the main military parade rehearsals in Moscow's Red Square on May 5.
BUSINESS / Economy
May 8, 2024
Russia’s war economy starves crucial oil industry of manpower
Since Russia's invasion of Ukraine, its oil and gas sector has faced increasingly strict international sanctions aimed at limiting petrodollar revenue.
A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, on April 26.
WORLD / Politics
May 2, 2024
Constraints on Canada's Trans Mountain pipeline may crimp oil exports
After 12 years, a project to nearly triple the crude-oil flow from Alberta to Canada's Pacific Coast began commercial operations, but with setbacks.
Russian President Vladimir Putin is welcomed by Chinese leader Xi Jinping during a ceremony at the Belt and Road Forum in Beijing last October.
WORLD / Politics
Apr 27, 2024
Half of Russia's payments to China made through middlemen
The intermediaries are legal entities from jurisdictions considered "friendly" to Russia, sources said.
The possibility of a deepening conflict between Israel and Iran suggests higher energy prices for energy import-dependent Japan, meaning more downward pressure for the yen.
BUSINESS / Markets
Apr 19, 2024
Oil poses more risks for yen as Japan depends on energy imports
Crude oil futures jumped on Friday following reports that Israel launched a missile strike on Iran.
This video screen grab shows a refinery in Ryazan, Russia, that Ukraine attacked in a drone strike last month.
COMMENTARY / World
Apr 12, 2024
Ukraine’s drone attacks light a fuse under global oil supplies
At least 10 refineries have been hit so far. About 13% of Russia’s capacity has been knocked offline, analysts at RBC Capital Markets estimate.
Around 90% of China’s increased oil demand between 2021 and 2024 comes from chemical feedstocks, driven by the manufacturing of products such as those sold by fast-fashion retailers Shein and Tamu.
COMMENTARY / World
Apr 1, 2024
China's Shein and Temu are driving oil, not Toyota and GM
The cause behind recent a surge in China's oil demand is not to be found in people's transport habits, including car use, but in fast-fashion clothing.
Despite vast coal reserves, China has always been geopolitically vulnerable on the energy front.
COMMENTARY / World
Mar 24, 2024
China navigates myriad of energy-driven challenges
Rising fuel prices are a thorn in the China's side amid deflation concerns.
Awang Suang trims weeds from palm trees on his small plantation in Membakut, Malaysia on Feb. 12. He has been cultivating oil palms for more than 50 years after switching from rubber trees. Palms require less labor and produce more frequent harvests — roughly every two weeks, year round — providing a steadier income, he explained.
ENVIRONMENT / Sustainability
Mar 18, 2024
Can Europe save forests without killing jobs in Malaysia?
A new regulation aims to rid the palm oil supply chain of imports that come from former forestland.
South Korea's Yoon backs down after parliament rejects martial law
Soldiers try to enter the National Assembly building in Seoul, after South Korea President Yoon Suk Yeol declared martial law late Tuesday evening.
BOJ weighs case for first triple hike since Japan’s bubble burst
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
Australian says romance scam tricked her into smuggling drugs into Japan
Donna Nelson says her life was turned upside down when she learned that the man she was falling for had tricked her into smuggling 2 kilograms of methamphetamine into Japan.
Jetstar Japan loses lawsuit over disciplinary action against cabin crew
Jetstar Japan has been ordered to pay back wages to two cabin crew members for the periods they were suspended.
Nomura CEO takes pay cut after former employee charged with attempted murder
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
U.S. Space Force launches first unit in Japan
Activated on Wednesday, U.S. Space Forces Japan — a component similar to the one established at South Korea’s Osan Air Base in 2022 — will operate out of Yokota Air Base in the city of Fussa, western Tokyo, with a staff of about 10.
Can Japan's scientific community rebound from a Nobel nosedive?
The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Europe eyes 'boots on the ground' in Ukraine as possible peace deal option
A serviceman with the Ukrainian Army's 24th mechanized brigade fires a machine gun during an exercise, amid Russia's attack on Ukraine, in the country's Donetsk region on Friday.
Seven strangers and an algorithm: Can this new dinner app help you make friends?
Timeleft uses an algorithm to match its users with five or six strangers in an effort to prompt “human connection” over dinner at a restaurant. It determines the attendees with the help of a simple personality quiz available when you sign up for the service.
Don’t worry, you can still use your Japan health insurance card — for now
A My Number card reader at a pediatric clinic in Tokyo. While the government will stop issuing new health insurance cards on Monday, most people will remain unaffected by the move in the short term as existing health insurance cards can still be used for another year.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Can Japan's scientific community rebound from a Nobel nosedive?
By Tomoko Otake

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SWCC keeps changing with keyword ‘new challenges’

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