Kuwait’s crude oil ex­ports to Ja­pan jump 37.9 per­cent

Kuwait Times - - LOCAL -

Kuwait’s crude oil ex­ports to Ja­pan in June surged 37.9 per­cent from a year ear­lier to 6.94 mil­lion bar­rels, or 231,000 bar­rels per day (bpd), up for the sec­ond straight month, gov­ern­ment data showed. As Ja­pan’s fifth-big­gest oil provider, Kuwait supplied 8.2 per­cent of the Asian na­tion’s to­tal crude im­ports, the Ja­panese Natural Re­sources and En­ergy Agency said in a pre­lim­i­nary re­port.

Ja­pan’s over­all im­ports of crude oil fell 10.4 per­cent year-on-year to 2.81 mil­lion bpd in June, de­clin­ing for the sec­ond month in a row. Ship­ments from the Mid­dle East ac­counted for 84.6 per­cent of the to­tal, down 5.1 per­cent­age points from the year be­fore. Saudi Ara­bia re­mained Ja­pan’s No.1 oil sup­plier, but im­ports from the king­dom dropped 3.4 per­cent from a year ear­lier to 979,000 bpd, fol­lowed by the United Arab Emi­rates with 737,000 bpd, down 10.8 per­cent. Rus­sia ranked third with 284,000 bpd and Qatar fourth with 237,000 bpd, re­spec­tively. Ja­pan is the world’s-third big­gest oil con­sumer after the US and China, im­port­ing vir­tu­ally all its fos­sil fu­els.

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