• 5 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 10 minutes Venezuela continues to sink in misery
  • 13 minutes U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 16 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 5 mins Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 7 hours $867 billion farm bill passed
  • 7 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 1 day OPEC Cuts Deep to Save Cartel
  • 7 hours Has Global Peak Diesel Arrived?
  • 23 hours Sleeping Hydrocarbon Giant
  • 19 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 1 hour What will the future hold for nations dependent on high oil prices.
  • 46 mins Air-to-Fuels Energy and Cost Calculation
  • 1 day And the War on LNG is Now On
  • 23 hours Could Tesla Buy GM?
  • 1 day Global Economy-Bad Days Are coming
2019: A Pivotal Year For OPEC

2019: A Pivotal Year For OPEC

2019 is shaping up to…

OPEC Came Up Short – Here’s What They Should Do

OPEC Came Up Short – Here’s What They Should Do

Rystad Energy, an energy consultancy…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Tokyo Seeks Tough U.N. Response To North Korean Missile Launch

Sea

A day after North Korea fired a ballistic missile over Japan, Tokyo is pushing the United States to encourage the United Nations to levy new sanctions against Pyongyang, including choking off North Korea’s oil supplies, a new Reuters report said.

New measures could be designed to target North Koreans who work abroad or oil supplies. The U.S. is usually the nation author of all drafts of the U.N.’s sanctions on North Korea. American diplomats then negotiate any potential sanctions with China, Pyongyang’s main ally in international circles.

The medium-range ballistic missile, fired, according to Kim Jong-un’s regime, in retaliation for South Korean military tests with the U.S., flew over northern Japan. Tokyo is seeking a “strong resolution” on North Korea, according to Koro Bessho, the Japanese ambassador to the U.N.

“We will certainly discuss it with the United States,” Bessho told reporters on Wednesday.

Beijing’s newest round of sanctions against Pyongyang ban only oil and gas exports from North Korea, while steady oil supplies from China to North Korea continue to prop up Pyongyang, allowing it to avert an energy meltdown, according to new reports emerging from the area.

Cheap North Korean workers still work in dimly lit factories to continue progress in weapons factories and related projects.

Still, the Chinese military has plans to defend North Korea from any ideas of regime change from the United States.

Related: Oil Prices Rise As Texas Braces For Hurricane Harvey Landfall

“If China believes [it is] very much necessary to send troops inside to best serve its interests, I don’t see why China wouldn’t do so,” said Zhao Tong from the Carnegie Tsinghua Centre for Global Policy, based in Beijing.

Fresh sanctions against North Korea cover seafood, coal and iron ore coming from the country into China, which costs Kim Jong-un’s regime $1 billion a year. The new measures are sure to cut deep into the impoverished country of 25.1 million people, 70 percent of whom are food insecure.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News