Japan’s Crude Imports Rise In July, Iran Supply Cut To Zero

Japanese crude oil imports rose by 6% in July compared with June, according to monthly petroleum data issued by Japan’s Ministry of Economy, Trade and Industry (METI) on 31 August. July 2012 imports were 2.4% lower than in the same month last year. As usual, Saudi Arabia was Japan’s largest supplier, with deliveries averaging almost 1.13mn b/d. Japan imported no crude oil in July from Iran – usually one of its largest suppliers – after tighter sanctions against Iran’s oil sector came into effect on 1 July.

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DATA INSIDE THIS ARTICLE

table Japanese Crude Oil Imports, July 2012 (B/D)