Large Earthquake Causes Oil Crisis in Kanto and Kansai, Japan

According to the Japan Sankei Shimbun Report on March 14th: As the Japanese Cosmo Oil Chiba Refinery and the JX Nisshin Nisshin Energy Co., Ltd. Sendai Oil Refinery were destroyed in the devastating earthquake, the Kanto and Kansai regions of Japan were seriously damaged. Lack of oil supply. In addition, various oil companies give priority to providing oil to disaster areas and medical institutions, which also affects the supply of oil in the Kanto and Kansai regions to some extent.

It is reported that in the metropolitan area and Kansai area, due to the shortage of gasoline, various gas stations have begun to restrict the sale of oil, and some gas stations have even had to temporarily suspend business, which also makes people waiting outside the gas station line up long. At the same time, more and more people are beginning to appeal to oil companies to increase their supply of gas stations.

Mo panic! The main force is still in the fall? The locked stock is likely to be saved! March stock market is likely to change dramatically? The hidden money behind the tussle! It was also learned that with the release of the tsunami warning on the 14th, the stock of petroleum at JX Nippon Oil & Energy Co., Ltd.'s Negishi Oil Refinery had started to ship and its maritime transport was also restored. At the same time, since the JX Nippon Oil & Energy Corporation and the Chiba Oil Refinery of the Far Eastern Petroleum Industry have not been damaged during the earthquake, production is temporarily suspended, but it is expected that the test can be restarted after testing. All these will, to some extent, improve the shortage of oil supply.

The Nippon Oil Association commented that on the one hand, it should do its utmost to ensure the stable supply of oil; on the other hand, the other side also hopes that consumers can control the amount of purchases and make appropriate purchases.