SUPPLY DEMAND

 

Japan’s Crude Imports Lower In June, Supply From Iran Higher

Japanese crude oil imports averaged 3.228mn b/d in June, according to monthly import data released by Japan’s Ministry of Economy, Trade and Industry (METI) on 31 July. This was down by 9.6% from May’s average imports of 3.572mn b/d, but 6.0% higher than for June 2011. The month-on-month decline was attributable to a number of Japanese refineries undergoing seasonal...