Japan Buys Rare Canadian Oil Cargo

Japan’s biggest refiner, Eneos, has bought a rare cargo of Canadian crude as the country seeks to diversify away from Middle Eastern crude.

This is the first Canadian oil shipment bought by a Japanese company since 2025, Reuters noted in a report, citing ship-tracking data from Kpler and LSEG.

According to that data, the cargo was loaded on an Aframax tanker, which has a capacity of 750,000 barrels.

The seller is Exxon.

“Japan's renewed purchases of TMX crude highlight Canada's growing role in Asia's evolving import strategy as refiners…