Middle East Economic Survey


No 27


Japans May Oil Imports Down By 3.65% From April, 17.5% Lower Year-On-Year

Monthly petroleum data published by Japans Ministry of Economy, Trade and Industry (METI) on 30 June showed that Japans crude oil imports during May declined by 3.65% to 3.398mn b/d compared with imports of 3.527mn b/d in April. Year-on-year, Japans crude imports are down by 17.5% from 4.119mn b/d in May 2008. Crude imports from the Middle East averaged 3.115mn b/d during...