Global Economy / Oil prices remain low due to pressure from 3 RsThe Japan NewsBy Masashi Amano / Yomiuri Shimbun Economic News EditorDespite production cuts by oil-producing nations, crude oil prices have basically failed to rise. Will this enigmatic marke …

Global refiners brace themselves as China cements its oil market dominanceThe Japan NewsFor the first time, China imported more crude oil in the first half of the year than the United States, government statistics showed. China averaged 8.55 million barrel …

The Japan NewsMoves under way to prevent oil leaks from wartime shipsThe Japan NewsThe Yomiuri ShimbunThe government will back efforts by a nongovernmental organization (NGO) to prevent oil leaks from sunken wartime vessels in waters off the Truk Islands i …

EU-Norway crab row could fuel oil tensions in ArcticThe Japan NewsBut the real fight may go beyond who gets to catch the modest crustaceans around Svalbard, a unique Norwegian archipelago in the Barents Sea. What is really at stake is oil, some experts say …

Tehran nearing gas deal with French oil major Total, Iran oil minister saysThe Japan NewsReuters DUBAI (Reuters) — Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quote …

Mitsui Engineering, German firm tie-upThe Japan NewsJiji Press TOKYO (Jiji Press) — Mitsui Engineering & Shipbuilding Co. said Tuesday it has joined hands with German drilling services company MHWirth GmbH to develop a technology to harvest methane hyd …

MarketWatchChina, Saudi Arabia agree on more oil cooperationThe Japan NewsReuters BEIJING (Reuters) — China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint commu …

MarketWatchOil aims for 5-week high as IEA lifts global demand forecastMarketWatchOil prices were on track Friday to score their highest finish in at least five weeks after the International Energy Agency lifted its forecast for global-oil demand and estim …

Financial TimesOpec beats oil output cut expectations, says watchdogFinancial TimesThe limits adopted by the oil cartel in January have been “one of the deepest in the history of Opec output cut initiatives”, the International Energy Agency said on Friday. …

MarketWatchOil shakes off rise in inventories to end higherMarketWatchSome traders and analysts attributed the move higher in oil futures to gains in gasoline futures, which rallied on the back of an unexpected weekly decline in gasoline supplies, or to a …