Kuwait's crude oil exports to Japan hit 14-month high, overtakes Qatar – gov't data

TOKYO, May 10 (KUNA) — Kuwait’s crude oil exports to Japan in March hit a 14-month high of 10.35 million barrels, or 334,000 barrels per day (bpd), overtaking Qatar to become Japan’s third-biggest oil provider, government data showed.
Kuwait’s crude oil bound for Japan jumped 33.6 percent from a year earlier, up for the second month in a row, the Japanese Natural Resources and Energy Agency said in a preliminary report. The figure was the highest since May 2015, when it recorded 10.89 million barrels (351,000 bpd).
Japan’s overall imports of crude oil declined 3.4 percent year-on-year to 3.56 million bpd for the fourth consecutive monthly decline. Shipments from the Middle East accounted for 85.9 percent of the total, up 0.4 percentage points from the year before. Saudi Arabia remained Japan’s No.1 oil supplier, but imports from the Kingdom fell 13.4 percent from a year earlier to 1.20 million bpd, followed by the United Arab Emirates with 986,000 bpd, up 3.1 percent. Qatar ranked fourth with 322,000 bpd and Russia fifth with 271,000 bpd, respectively.
Japan is the world’s-third biggest oil consumer after the US and China. (end) mk.hb

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