Idemitsu Starts Sourcing Saudi Oil via Suez Route

published:19/08/2026 09:52 GMT

Idemitsu Kosan, Japan's second-largest oil refiner, has begun sourcing Saudi crude from Yanbu via the Suez route and the Cape of Good Hope and sees no near-term threat to stable supplies, helped by UAE crude routed via Fujairah and imports from North America, its president said on Tuesday. "If you set aside longer shipping times and higher transportation costs, we don't expect any significant disruption to crude procurement," President Noriaki Sakai told Reuters Voyages that typically take...More