*Russia may have squeezed formerly core Gulf suppliers in India (MEES, 30 June) and to a lesser extent in China (MEES, 23 June), but in Japan Gulf suppliers not only still dominate, their market share has surged to new record levels.

*For the first five months of 2023, Gulf countries supplied 96.3% of Japan’s crude and condensate imports, putting this year on track to top last year’s record figure of 94.1% (see chart). (CONTINUED - 245 WORDS)