PARIS - The global oil market could face a major supply surplus in 2027 if the United States and Iran maintain an agreement aimed at ending hostilities, the International Energy Agency said in its monthly report released on June 17.
The IEA said supply is expected to rise to 110.3 million barrels a day as Middle Eastern countries resume production and exports. Demand, however, is projected to remain at 105.3 million barrels a day as an economic slowdown weighs on consumption.
Source: テレ東BIZ
The eruption alert level for Mount Tokachidake in Hokkaido was raised to Level 2 on June 18 for the first time in 12 years, prompting authorities to restrict entry within 1.5 kilometers of the crater and close parts of hiking trails just days before the mountain’s official opening for the summer climbing season.
Bear attacks and sightings are increasing across Japan, with multiple people injured on June 17 and experts warning that bears are becoming more accustomed to human environments, potentially leading to more dangerous and unpredictable encounters in the years ahead.
JR Central and JR West on June 17 announced pricing and service details for the new private-room seating that will be introduced on the Tokaido and Sanyo Shinkansen from October, creating a new top-tier class above the existing Green Car service.
A draft of the joint statement from the G7 summit in France has revealed that all proposals put forward by Prime Minister Takaichi on energy security and critical minerals have been incorporated into the agreement.
A Japanese man suspected of serving as a key coordinator for a Cambodia-based fraud syndicate that allegedly caused losses totaling billions of yen was arrested by Japanese authorities after being deported from Thailand on June 16.
The global oil market could face a major supply surplus in 2027 if the United States and Iran maintain an agreement aimed at ending hostilities, the International Energy Agency said in its monthly report released on June 17.
Calbee's potato chips in black-and-white packaging appeared on convenience store shelves in Tokyo on June 17, reflecting the company's response to concerns over the stability of printing ink supplies derived from naphtha as tensions in the Middle East disrupted procurement.
Japan's trade balance fell into the red for the first time in four months in May, as soaring crude oil procurement costs linked to tensions in the Middle East pushed import prices to record levels despite a sharp decline in import volumes.
A Japanese-linked vessel anchored in the Persian Gulf sustained damage to part of its hull, but remained capable of sailing under its own power and no crew members were injured, Land, Infrastructure, Transport and Tourism Minister Kaneko said.
Sapporo began accepting household garbage in non-designated bags on June 15 as plastic product shortages linked to tensions in the Middle East continue to affect supplies, with home improvement stores reporting a sharp increase in demand for transparent and semi-transparent bags.
A shortage of naphtha-derived products is beginning to affect some of the best-known local products in Shizuoka Prefecture, threatening everything from peaches to tofu as producers struggle with rising costs and uncertain supplies.
Japan is expected to achieve a 100% alternative crude oil procurement rate by July, following government efforts to diversify import sources in response to the effective closure of the Strait of Hormuz, government officials said.
The exchange of attacks between the United States and Iran following the reported downing of a U.S. Army helicopter by Iran is continuing to affect daily life in Japan, with higher energy prices raising concerns that inflationary pressures could spread further across the economy.
