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Japan's Imports Of ESPO Crude Rise Despite Fall In Overall Volume

Oil

Japan's crude imports in May fell by 542K b/d y-o-y to 2.78M b/d, Energy Intelligence reports, citing data from the country's Ministrt of Economy, Trade and Industry (METI). However, despite the decline, imports of ESPO crude doubled y-o-y to an 18-month high of 157K b/d. One potential factor cited for the rise was lower demand by Chinese refiners.