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JX trims October crude refining plan for domestic use but raises product exports

Oil

Japan's largest refiner, JX Nippon Oil & Energy Corporation, cut its crude oil refining plan for domestic use in October by 4% from an initial plan to 937K b/d, Reuters reports, citing a statement from the company. This was due to high domestic stockpiles of middle distillates. However, the refiner raised its projections for October oil product exports by 15% to 152K b/d as refining margins improve.