Japan refinery runs climb to over 70% on alternative supply, stockpile releases
Petrol
TOKYO, May 13 : Japanese refineries increased their oil processing to over 70 per cent of their capacity for the first time since March, Petroleum Association of Japan data showed on Wednesday, as they consumed crude released from stockpiles and alternative supplies. After the U.S.-Israeli war with Iran started in late February, Japan, usually reliant on the Gulf for around 95 per cent of its oil imports, switched to crudes originating from the U.S., the Caspian region, and Latin America and
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