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Japanese imports of Kuwait oil hits highest level in 7M during November

Japanese imports of Kuwait oil hits highest level in 7M during November
Japanese imports of Kuwait oil hits highest level in 7M during November

Mubasher: Japanese imports of Kuwaiti crude oil surged 19.3% year-on-year during November, to 8.57 million barrels, to register its highest level in seven months.

Kuwait exported around 286 barrels per day (bpd) to Japan to remain the largest third supplier for the East Asian country after Saudi Arabia and the UAE, according to official initial data released by the Agency for Natural Resources and Energy.

The Japanese agency further indicated that total imports of crude oil tumbled 6.2% year-on-year in the months before, reaching 3.12 million bpd.

The Middle East crude oil exports represented 85.7% of total Japanese oil imports in the last month.