VOL. XLV

No 33

19-August-2002

SUPPLY/DEMAND

Japanese Refining And Marketing Sector FacesSurvival Struggle, Says FACTS

Japanese refining and marketingcompanies face an uncertain future because of recent weak domestic and regionaldemand, and excess refining capacity and retail outlets, according toHonolulu-based FACTS Inc. In the report, Japans Oil Refiners Struggle To Stay Afloat, published in July, FACTS analyst Tomoko Hosoe writes: Japanese oil companies suffer from twoproblems, the first of...