Japan oil companies keep profits growing despite Hormuz closure

Energy Japan oil companies keep profits growing despite Hormuz closure Alternative routes, sources beyond Mideast maintain crude supply while prices rise An oil tanker arrives at an Eneos Holdings terminal in Japan. © Kyodo RYUNOSUKE OURA and KANA MATSUKAWA November 13, 2026 03:32 JST TOKYO -- As the de facto closure of the Strait of Hormuz continues, major Japanese oil wholesalers and resource development companies have diversified their procurement routes to maintain supply, letting them profit from rising oil and petroleum product prices. Read Next Energy Japan oil refiner Idemitsu to import non-Mideast LNG Energy Japan's Eneos eyes $6bn in global investments after Chevron deal Energy Global oil and gas discoveries hit 40-year low on investment cutbacks Energy Petronas, Woodside tout alternatives to Mideast LNG for Asian buyers Interview Japan's Inpex sees strong interest in Indonesia LNG amid Hormuz closure Energy Oil tanker rate surge pushes Asia, Europe refiners into the red International relations Japan to help Hormuz-dependent Philippines bolster oil reserves Latest on Energy Energy Indonesia, Thailand, Philippines to set up shared oil reserves Energy Fuel prices drive Japan, Europe electricity futures to 4-year high Energy Japan to back Vietnam's small-reactor push in revived nuclear cooperation Sponsored Content About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.