VOL. XLV

No 17

29-April-2002

SUPPLY/DEMAND

Japanese Oil Statistics ReflectFalling Demand

ThePetroleum Association of Japan reported on 29 March that Japanese crude oil importsaveraged 4.382mn b/d in February, compared with 4.564mn b/d in January and4.972mn b/d in February 2001. The association estimated refinery throughput forthe month at 4.420mn b/d, with a further 76,000 b/d used for direct burning inpower plants. The UAE continued as Japans largest oil supplier last year, followed by Saudi...