Media ININ Economy We Trust
Media IN Tokyo, May 31 (KUNA)
Kuwait’s crude oil exports to Japan in April hit a 37- month high of 9.89 million barrels, or 330,000 barrels per day (bpd) to become Japan’s third biggest oil provider, government data showed Friday.
Kuwait’s crude oil bound for Japan jumped 12.8 percent from a year earlier, up for the month in a row, the Japanese Natural resources and Energy Agency said in a preliminary report.
The figure was the highest since march 2016, when it recorded 10.35 million barrels (334,000 bpd).
Japan’s overall imports of crude oil declined 5.8 percent Year-On-Year to 3.04 million bpd for the second straight month of drop. Shipments from the middle East accounted for 88.7 percent of the total, down 0.7 percent points from year before.
Saudi Arabia remained Japan’s No 1 oil supplier, although imports from the Kingdom shrank 17.4 percent from a year earlier to 1.07 million bpd, followed by the United Arab Emirates with 719,000 bpd, down 20.0 percent.
Qatar ranked fourth with 252,000 bpd and Russia fifth with 170,000 bpd, respectively. Japan is the world’s-third biggest oil consumer after the US and China.
