Japanese commercial crude oil stocks rose in September, reversing the drop of the
previous month to stand at 99.8 mb. With this build, they were 1.6 mb above a year
ago at the same time and 3.6 mb above the seasonal norm. The build in crude oil
stocks was driven by lower crude throughput, which declined by about 285,000 b/d, or
8.1%, to average 3.2 mb/d. Lower crude oil imports limited a further build in crude oil
stocks. Indeed, crude oil imports fell by around 231,000 b/d or 6.6% in September to
stand at 3.3 mb/d, which was 2.3% lower than a year ago at the same time.
Japanese commercial crude oil stocks rose in September, reversing the drop of theprevious month to stand at 99.8 mb. With this build, they were 1.6 mb above a yearago at the same time and 3.6 mb above the seasonal norm. The build in crude oilstocks was driven by lower crude throughput, which declined by about 285,000 b/d, or8.1%, to average 3.2 mb/d. Lower crude oil imports limited a further build in crude oilstocks. Indeed, crude oil imports fell by around 231,000 b/d or 6.6% in September tostand at 3.3 mb/d, which was 2.3% lower than a year ago at the same time.
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