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Taiyo Oil Co. CEO Takahiro Yamamoto said Japan should continue to rely mainly on cheap crude oil from the Middle East, rather than the government's diversification strategy prompted by the US-Iran conflict.
Taiyo Oil Co. CEO Takahiro Yamamoto stated that Japan should continue to primarily rely on cheap crude oil from the Middle East, rather than the government's diversification strategy driven by the US-Iran conflict. He believes that during peacetime, crude oil should be purchased as economically as possible, while maintaining the flexibility to acquire alternatives during a crisis.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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