Japan's Trade Minister Akazawa says companies are exploring alternative crude oil procurement sources, including the US, Central Asia and South America
Newsquawk Staff ·
Japan's Trade Minister Akazawa says companies are exploring alternative crude oil procurement sources, including the US, Central Asia and South America.
What it means
Japan's Trade Minister Akazawa's comments signal a shift towards diversifying crude oil procurement sources to mitigate risks associated with reliance on certain suppliers. This move could impact global oil prices and influence currency dynamics as Japan seeks alternatives in the US, Central Asia, and South America, potentially easing energy security concerns and altering trade flows in the region.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
Related headlines
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings41 min ago
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios1 hour ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg30 min ago
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels2 hours ago
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline2 hours ago
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement3 hours ago
- US EIA Heating Oil Stocks Change (Oct/23) 0.164M (Prev. 0.652M)21 min ago
- US EIA Crude Oil Imports Change (Oct/23) -0.796M (Prev. 0.837M)21 min ago
- EIA Cushing Crude Oil Stocks Change (Oct/23) -0.624M (Prev. 0.987M)21 min ago
- US EIA Refinery Crude Runs Change (Oct/23) -0.123M (Prev. 0.034M)21 min ago
- US EIA Crude Oil Stocks Change (Oct/23) -1.892M vs. Exp. 0M (Prev. -3.061M); SPR falls 0.1mln to 282.6mln21 min ago
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M36 min ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)2 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call2 hours ago