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ECONOMY > Energy

Crude oil imports from U.S. increased in 2019

  • January 24, 2020
  • , Nikkei
  • JMH Summary

Nikkei reported Japanese oil companies’ imports of crude oil from the United States in 2019 increased by about 30% from 2018 to a record high. The paper wrote that since Japan depends on the Middle East for 90% of its oil imports, JXTG Nippon Oil & Energy and other companies are diversifying their sources of crude oil to ensure a stable supply. However, Japan is reportedly facing challenges in reducing its dependence on the Middle East.

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