Japan Diversifies Oil Imports with Rare Canadian Crude Purchase

Japan's largest refiner, Eneos, has secured a rare 750,000-barrel cargo of Canadian crude from Exxon, marking its first such purchase since 2025. This strategic move aims to diversify Japan's energy sources away from Middle Eastern crude, according to Reuters. The shipment highlights Canada's increasing role in Asia's evolving import strategies. For Pakistan, shifts in global oil demand and supply diversification could influence international crude prices, potentially impacting the country's import bill and the USD/PKR exchange rate.

بحوالہ / Source: oilprice.com