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August 15, 2024
 

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OIL

Shipping containers at a commercial port in Vladivostok, Russia, in August
BUSINESS
Dec 9, 2023
Putin's economic challenges are numerous — but surmountable — as election looms
Russia's success in evading a Western oil price cap is helping drive a recovery in economic growth.
North Korean leader Kim Jong Un speaks during an event in Pyongyang. Smuggling efforts could be directly linked to the North's military ambitions, analysts have said.
ASIA PACIFIC / Politics
Dec 8, 2023
North Korean smugglers disguised under Pacific island flags
With strict sanctions limiting Pyongyang's ability to import fuel, smugglers have adopted increasingly creative methods.
Abdulaziz bin Salman, Saudi Arabia's energy minister, during an interview at the Energy Ministry in Riyadh on Monday
ENVIRONMENT / Energy
Dec 5, 2023
Saudi Arabia says 'absolutely not' to oil phaseout at COP28
About 200 countries must come to a consensus decision at the meeting in Dubai.
Sultan Ahmed Al Jaber speaks during day three of the COP28 climate conference in Dubai on Saturday.
WORLD / Science & Health
Dec 4, 2023
COP28 president’s fossil-fuel phaseout talk draws condemnation
The comments have raised questions over whether the conference will be able to unite behind a strong pledge targeting the elimination of fossil fuels.
U.S. Vice President Kamala Harris, speaks at a high-level segment at the COP28 climate conference in Dubai on Saturday.
WORLD / Politics
Dec 3, 2023
U.S. lays out plan at COP28 to slash methane emissions from oil and gas
The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai.
World leaders prior to the opening ceremony of the COP28 summit in Dubai on Friday.
ENVIRONMENT / Climate change
Dec 2, 2023
A tense climate summit begins amid wars and record heat
At the U.N. climate conference in Dubai, a parade of dignitaries invoked faith, science and economics in their calls for a rapid energy transition.
A Cosmo Energy service station in Tokyo
BUSINESS / Companies
Dec 1, 2023
Iwatani emerges as potential Cosmo white knight with share buy
Iwatani will pay ¥105.3 billion, or ¥6,052 per share, to raise its stake in Cosmo to 19.93% from the current 0.07%.
The front page of The Japan Times on Christmas Eve in 1948 carries news of high-profile executions.
JAPAN / History / Japan Times Gone By
Dec 1, 2023
1948: Tojo and six others hanged
December reports focus on some major events from Japan's past: the 1923 earthquake, World War II and the 1970s oil shock.
Sultan Al Jaber strongly denied reports that he used his position as COP president to pitch new oil and gas investments to governments.
WORLD / Politics
Nov 30, 2023
COP28 president denies using climate talks to push oil deals
The allegations against Sultan Al Jaber have fanned long-running suspicions over the wisdom of a petrostate hosting the climate talks.
Pope Francis had planned to attend the COP28 conference in Dubai this week, but canceled on Tuesday due to health concerns.
ENVIRONMENT / Climate change
Nov 29, 2023
U.S. bishops cling to fossil fuels, despite Pope's 2015 appeal
Not a single diocese has announced it has let go of its fossil fuel assets since the pope's landmark encyclical on environmental stewardship.
A person walks past a COP28 sign in Abu Dhabi on Oct. 1.
ENVIRONMENT / Climate change
Nov 28, 2023
Biggest climate talks ever confront global chaos and record heat
Greenhouse gas emissions are still rising, and promises to cut pollution remain insufficient to take the risk of unmanageable warming off the table.
COP28 President Sultan al-Jaber addresses delegates during the Africa Climate Summit in Nairobi on Sept. 5.
ENVIRONMENT / Climate change
Nov 23, 2023
Sultan al-Jaber: the UAE oil boss steering COP28
Climate funding has caused divisions between developed countries held largely responsible for global warming and poorer countries most vulnerable to it.
Petroleum pipelines and fuel storage tanks at a refinery near Manama, Bahrain, in 2017
ENVIRONMENT
Nov 18, 2023
To meet climate goals, Gulf countries will have to overhaul everything
The growing oil-rich region faces myriad challenges as the world pushes to decarbonize.
Indian cricket is struggling against climate change-induced heat and rain and the last thing it needs is oil-rich Saudi Arabia buying into the league.
COMMENTARY / World
Nov 16, 2023
The last thing cricket needs is Saudi money
Indian cricket is struggling against climate change-induced heat and rain. A partnership with oil-rich Saudi Arabia would lead to a certain defeat.
Smoke and steam billow from a coal-fired power plant in Suralaya, Banten province, Indonesia.
ENVIRONMENT / Energy
Nov 13, 2023
Can Indonesia deliver a green power plan for the people?
Communities impacted by a major climate deal are at risk of losing out because they have had limited involvement in planning the transition so far.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023
Japan's Cosmo braces for 'poison pill' anti-activist vote
The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
Destroyed buildings in Gaza on Thursday amid ongoing battles between Israeli forces and the Hamas militant group.
BUSINESS / Markets
Nov 10, 2023
Why are oil prices falling while war rages in the Middle East?
Intense fighting is underway in a region that holds much of the world’s petroleum resources. Yet, energy markets have been slumping.
Oil storage tanks at Eneos' Negishi refinery in the Keihin industrial area of Yokohama. The firm said Wednesday that its full-year profit result was expected to increase by 67% from last year.
BUSINESS / Companies
Nov 8, 2023
Eneos raises full-year profit forecast on higher oil, weaker yen
The refiner said its full-year result was expected to increase by 67% from last year.
The McKinsey & Company logo at the 54th International Paris Airshow on June 21
BUSINESS / Companies
Nov 8, 2023
Top consultancy undermining climate change fight: whistleblowers
Privately, the U.S.-based firm offers energy scenarios at odds with its public climate goals to the summit's decision-makers.
People carry a coffin as a mass funeral takes place to bury victims of a military strike on a camp for displaced people near the northern Myanmar town of Laiza on Oct. 10.
ASIA PACIFIC / Politics
Nov 1, 2023
U.S. targets Myanmar's state energy firm with partial sanctions
The action prohibits certain financial services by Americans to the state oil and gas enterprise starting on Dec. 15, the Treasury said in a statement.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

Podcast

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

Longform

Sociologist Gracia Liu-Farrer argues that even though immigration doesn't figure into Japan's autobiography, it is more of a self-perception than a reality.
In search of the ‘Japanese dream’
By Thu-Huong Ha

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