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Japan's oil consumption for electricity generation plummets

Electricity, Oil

Japan's oil consumption for electricity generation plummeted in September, according to data from the Federation of Electrical Power Companies of Japan. Crude oil consumption fell by 85K b/d m-o-m and 27K b/d y-o-y to 21K b/d. Fuel oil consumption dropped by 71K b/d and 32K b/d y-o-y to 58K b/d. Both figures are the lowest since October 2010. The fall in oil consumption coincided with a rise in nuclear power generation after the Sendai power plant in August became the first nuclear facility to restart in the post-Fukushima era.