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November 22, 2024
 

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OPEC

Japan Times
BUSINESS
Nov 18, 2021
U.S. asks Japan, China and others to consider tapping oil reserves, sources say
The unusual request comes as Biden fends off political pressure over rising pump prices and other consumer costs driven by a rebound in economic activity.
Japan Times
BUSINESS / Economy
Nov 4, 2021
OPEC+ heads for geopolitical showdown as Biden demands more oil
Bowing to U.S. pressure and opening the taps would keep Saudi Arabia's closest ally onside, at the expense of the hard-won crude price recovery that has swelled the kingdom's coffers.
Japan Times
COMMENTARY / World
Sep 5, 2021
Oil producers enjoy the calm before the 2022 storm
Oil producers may have to forgo future output increases, and perhaps even reimpose cuts, if they are to prevent stockpiles from rising again.
Japan Times
BUSINESS
Jul 19, 2021
OPEC+ clinches deal to boost output as Gulf allies call truce
The deal is evidence of the strong bonds between members and shows 'OPEC+ is here to stay,” Saudi Energy Minister Prince Abdulaziz bin Salman said.
Japan Times
BUSINESS / ANALYSIS
Jul 6, 2021
OPEC disagreement lays bare growing UAE-Saudi economic rivalry
As Saudi Arabia tries to wean its economy off oil, it is vying with the UAE for foreign capital and talent.
Japan Times
COMMENTARY / World
Jun 7, 2021
Clean energy: Oil and carbon at loggerheads
If the world is to get anywhere near its lower carbon goals, as set out in the Paris Agreement, then all future investment in oil and gas development must cease.
Japan Times
COMMENTARY / World
Nov 29, 2020
Overcoming the Gulf States' oil curse
Deep reform could evolve out of traditional forms of rule in Gulf States. But do the leaders of these nations have the vision and courage to guide the way through to a different future.
Japan Times
COMMENTARY / World
Nov 25, 2020
Could OPEC's house of cards collapse?
The United Arab Emirates is privately questioning the benefits of participating in OPEC and may even be considering whether to leave.
Japan Times
BUSINESS
Oct 19, 2020
OPEC+ faces growing pressure to change course as ministers meet
With oil stuck at around $40, and more supply coming online from Libya, the cartel is now under pressure to revise its plan to ease output cuts.
Japan Times
BUSINESS / FOCUS
Sep 14, 2020
Once an American foe, now a friend: OPEC turns 60
Shifts in global politics and a surge in America's oil production have transformed the group.
Japan Times
BUSINESS / Economy
Apr 13, 2020
OPEC and Russia approve biggest-ever oil cut amid pandemic
After four days of talks, the group known as OPEC Plus has agreed to reduce output by 9.7 million barrels per day for May and June.
Japan Times
BUSINESS
Mar 7, 2020
Collapse of OPEC talks blows hole in Russian-Saudi alliance
OPEC talks with Russia have ended in dramatic failure, auguring the end of a diplomatic alliance between Riyadh and Moscow that has underpinned crude prices and changed the balance of power in the Middle East.
WORLD
Mar 5, 2020
OPEC agrees to large oil output cut amid virus outbreak if Russia joins, sources say
OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said.
Japan Times
WORLD
Jun 17, 2019
Libya leader Serraj will not sit down with rival Khalifa Hifter to end war on Tripoli
Libya's internationally recognized Prime Minister Fayez al-Serraj said on Sunday he was not prepared to sit down with eastern commander Khalifa Hifter to negotiate an end to the two-month offensive against Tripoli.
Japan Times
BUSINESS
Mar 12, 2019
Venezuelan blackout hits oil exports as residents scramble for food and electricity rationing looms
Much of Venezuela, including parts of the capital Caracas, remained without power on Monday for a fifth day, crimping vital oil exports and leaving people struggling to obtain water and food.
Japan Times
WORLD / Politics
Mar 11, 2019
Ailing Bouteflika, 82, returns to face Algerian demonstrations
Algerian President Abdelaziz Bouteflika arrived home from Geneva on Sunday, as students vowed to keep up mass demonstrations against his re-election bid and the ruling party scrambled for a way out of the crisis.
Japan Times
BUSINESS
Dec 24, 2018
Venezuela navy confronts Exxon oil-exploration ship in Guyana border row
Venezuela's navy "intercepted" a ship exploring for oil on behalf of Exxon Mobil Corp. in Guyanese waters over the weekend, neighboring Guyana's foreign ministry said in a statement, while Venezuela said the incident occurred within its territory.
Japan Times
BUSINESS
Nov 13, 2018
Trump blasts Saudi Arabia over oil output cut as relations fray further
President Donald Trump took aim at Saudi Arabia's plan to cut oil production on Monday, injecting new tension into an already fraught alliance that has been clouded by U.S. concerns over the killing of journalist Jamal Khashoggi and the ongoing conflict in Yemen.
Japan Times
BUSINESS / Economy
Oct 9, 2018
Venezuela's annual inflation hit 488,865% in September: congress
Venezuelan consumer prices rose 488,865 percent in the 12 months ending in September, a member of the opposition-run congress reported on Monday, as the OPEC nation's hyperinflation continues to accelerate amid a broader economic collapse.
Japan Times
BUSINESS
Jul 2, 2018
Trump's mixed oil message won't fix supply fears amid Iran squeeze: traders
U.S. President Donald Trump's weekend of oil diplomacy doesn't change the underlying dynamic of a crude market that's swiftly seeing demand threaten to overtake supplies, analysts said on Sunday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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