Middle East Economic Survey

VOL. LII

No 18

04-May-2009

SUPPLY/DEMAND

Japans March Oil Imports Fall 13.7% From February, 16.7% Year-On-Year

Monthly petroleum data published by Japans Ministry of Economy, Trade and Industry (METI) on 30 April showed that Japans crude oil imports during March fell by 13.7% to 3.792mn b/d compared with imports of 4.393mn b/d in February. Year-on-year, Japans crude imports are down by 16.7% from 4.552mn b/d in March 2008. Crude imports from the Middle East during March...