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UAE’s Oil Exports To Japan Drop 14.4% In June

UAE’s Oil Exports To Japan Drop 14.4% In June

The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.

The UAE’s crude oil exports to Japan fell 14.4 per cent year-on-year in June to 23.01 million barrels, or 767,000 barrels per day (bpd), Kuwait News Agency (KUNA) reported.

The Gulf state is Japan’s second-biggest oil provider.

Oil exports from Kuwait, the Asian nation’s fifth biggest supplier, also dropped 20.7 per cent in June, down for the third straight month, according to government data. Kuwait supplied 6.7 per cent of the Asian nation’s total crude imports, the Japanese Natural Resources and Energy Agency said in a preliminary report.

Japan’s overall imports of crude oil also declined 8.3 per cent year-on-year to 3.01 million bpd in June, recording the country’s fourth consecutive monthly fall.

Shipments from the Middle East accounted for 82 per cent of the total, down 2.9 percentage points from a year before, said KUNA.

Saudi Arabia remained Japan’s No.1 oil supplier, with imports from the Kingdom growing 3.4 per cent from a year earlier to 932,000 bpd.

Qatar was the third biggest supplier to Japan with 235,000 bpd and Russia fourth with 214,000 bpd for the month.

Japan is the world’s-third biggest oil consumer after the US and China.

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