Middle East Economic Survey


No 32



apans June Oil Imports Down Almost 5% From May, Over 8% Lower Year-On-Year

Monthly petroleum data published by Japans Ministry of Economy, Trade and Industry (METI) on 31 July showed that crude oil imports during June declined by 4.77% to 3.235mn b/d compared with imports of 3.397mn b/d during May. Year-on-year, Japans crude imports are down by 8.27% from 3.527mn b/d in June 2008. Crude imports from the Middle East averaged...