2 sources
Asia battles rising toll of energy crisis
Governments in Asia, the top oil importing region, are scrambling to find alternatives and insulate their economies from the worst of th
Summary
Japan, which buys 95% of its oil from the Middle East, has stepped up purchases of U. oil, paying spot market prices that soared after the start of the war, plus the cost of shipping from the U. S., which takes twice as long as from the Gulf.
What this story is about
People
- Hanna Luchnikava-Schorsch
- Kpler
Organisations
- Asian Development Bank2
- Reuters - Governments
- Goldman Sachs
Places
- Asia2
- Strait of Hormuz
- DEFENCEAsia
- South Korea
- Bangladesh
- South Asia
- Australia
- Sri Lanka
Keywords
- battles2
- crisis2
- energy2
- rising2
- toll2
- alternatives
- scrambling
- importing
- insulate
- caused
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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