SUPPLY DEMAND

 

Japan’s Crude Imports Decline 6.6% In April To 3.931Mn B/D

Japanese crude oil imports averaged 3.931mn b/d in April, according to monthly import data released by Japan’s Ministry of Economy, Trade and Industry (METI) on 30 May. This is 6.6% below the March import figure of 4.209mn b/d and a 10.2% year-on-year increase from 3.567mn b/d in April 2011. April imports from the Middle East averaged 3.268mn b/d, down by 5.3% from 3.452mn...