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Japan's JX plans to raise crude runs by 8% y-o-y in May

Oil

Japan's largest oil refiner, JX Nippon Oil & Energy Corporation, expects to increase its crude oil processing for domestic consumption by 8% y-o-y in May to 1.02M b/d, Reuters reports. This is up from estimated April runs of 931K b/d, which were down 13% y-o-y.