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Japan’s February oil imports rise 3.3 pct y/y – METI

Japan’s crude oil imports rose 3.3 percent in February from a year earlier to 3.09 million barrels per day (13.77 million kilolitres), the Ministry of Economy, Trade and Industry (METI) said.

Japan’s domestic oil product sales last month fell 6.5 percent from a year earlier to 3.3 million barrels per day (bpd), the data showed.

Gasoline sales dropped 2.1 percent to 851,533 bpd, while kerosene sales slumped 17.2 percent from a year earlier to 502,176 bpd, the data showed.

For a table on Japan’s crude oil imports by source, see

The table below outlines Japan’s product sales, imports and other statistics for January. Figures are converted to bpd from kl unless otherwise noted. Inventory volumes are in millions of barrels. Percentage changes are based on bpd.

 Product/Volume        Feb        Jan       M/M(%)    Yr/Yr(%)
 Crude Imports      3,093,231   3,250,337     -4.8         3.3
 Crude Throughput   3,203,758   3,263,159     -1.8        -2.0
 Direct crude burn                                            
 Oil product sales  3,316,591   3,131,630      5.9        -6.5
 gasoline             851,533     793,959      7.3        -2.1
 kerosene             502,176     532,383     -5.7       -17.2
 naphtha              848,260     814,956      4.1         2.2
 Product imports      614,183     592,260      3.7       -12.8
 gasoline              30,546      24,711     23.6            
 kerosene              90,576                                 
 naphtha              450,419     433,670      3.9        -9.0
 Product exports      654,888     628,215      4.2        28.3
 gasoline             104,322      93,546     11.5        15.3
 kerosene              15,595      38,204    -59.2       180.8
 jet fuel             182,607     170,813      6.9        30.9
 gas oil              214,883     191,584     12.2        47.5
 fuel oil B, C        117,284     115,309      1.7         7.8
 Refinery Output    3,167,309   3,068,993      3.2         1.1
 gasoline             898,154     885,146      1.5        -2.9
 kerosene             338,229     403,704    -16.2       -20.8
 naphtha              366,954     351,769      4.3        19.1
 jet fuel             250,225     207,368     20.7        31.4
 gas oil              764,792     714,414      7.1        12.2
 Inventories              Feb         Jan   M/M(%)    Yr/Yr(%)
 Crude                   77.3        79.5     -2.7        -1.7
 Products                56.3        60.7     -7.3        11.1
 gasoline                10.2        10.7     -4.4        -2.1
 kerosene                 9.7        11.9    -19.1        21.1
 Refinery run rate        Feb         Jan  M/M(pt)   Yr/Yr(pt)
 (%)                     90.9        92.6     -1.7        -1.8

Source: Reuters (Reporting by Aaron Sheldrick; editing by Richard Pullin)

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