Japan's dependence on oil from the Middle East remains high despite building up stockpiles and diversifying supply sources based on lessons from the first oil crisis in 1973, which sent prices for oil and other products skyrocketing. https://www.japantimes.co.jp/business/2023/10/17/economy/japan-oil-dependence-middle-east/?utm_content=bufferac404&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #economy #oil #energy #middleeast #idemitsu #fumiokishida