Latest Taiyo Oil News & Updates

Tokyo, May 1 (IANS) Japan purchased a shipment of Russian oil on Friday, which is the first purchase since February 2022. Japan relies on West Asia for over 90 per cent of its crude oil imports, the majority of which pass through the Strait of Hormuz, and has been releasing its national oil reserves to stabilise domestic supply.The oil purchased from Russia, carried by the oil tanker Voyager, is expected to arrive at the port of Kikuma on Shikoku Island on May 3, according to the Russian state-o…