Kuwait’s crude oil exports to Japan down 25.2 percent

Kuwait’s crude oil exports to Japan fell 25.2 percent in June from a year earlier to 5.04 million barrels, or 168,000 barrels per day (bpd), down for the second straight month, government data showed.

As Japan’s fifth-biggest oil provider, Kuwait supplied 5.4 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 increased 6.7 percent year-on-year to 3.13 million bpd in June, expanding for the third month in a row.

Shipments from the Middle East accounted for 89.7percent of the total, up 7.4 percentage points from a year before. Saudi Arabia remained Japan’s No.1 oil supplier, with imports from the kingdom jumping 17.9 percent from a year earlier to 1.0 million bpd, followed by the United Arab Emirates with 826,000 bpd, down 13.7 percent.

Qatar ranked third with 306,000 bpd and Iran fourth with 275,000 bpd, respectively. Japan is the world’s-third biggest oil consumer after the US and China, importing virtually all its fossil fuels.

Source: KUNA