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UPDATE 1-Japan's total oil sales hit 47-year low for month of Feb
March 31, 2017 / 2:03 PM / in 7 months

UPDATE 1-Japan's total oil sales hit 47-year low for month of Feb

 (Adds table, details)
    TOKYO, March 31 (Reuters) - Japan's monthly oil sales hit the lowest level
for the month of February in 47 years, partly because of higher volumes a year
ago due to a leap year, oil data from the Ministry of Economy, Trade and
Industry (METI) showed on Friday.
    Japan's total oil sales last month were 15.54 million kilolitres (3.49
million barrels per day), down 3.9 percent from a year ago and the lowest for
the month since 1970, a METI official said. The official attributed most of the
decline to the fact there was one more day in February a year ago.
    Oil demand in the world's third-biggest economy has been in gradual decline
for more than a decade, reflecting a falling population and an increased shift
to more efficient vehicles and equipment.
    Meanwhile, Japan's crude imports in February fell 1.3 percent from a year
earlier to 15.75 million kilolitres (3.54 million barrels per day), also the
lowest level for the month since 1970, the official said.
    
    The following table shows Japan's crude imports and oil product sales in
barrels per day.
         Product/Volume     Feb         Jan       M/M(%)    Yr/Yr(%)
          Crude Imports  3,539,040   3,460,860       2.3        -1.3
       Crude Throughput  3,569,757   3,546,542       0.7        -0.7
      Direct crude burn                                             
      Oil product sales  3,489,771   3,318,569       5.2        -3.9
               gasoline    868,923     830,677       4.6        -4.4
               kerosene    562,018     549,476       2.3        -3.5
                naphtha    851,231     856,837      -0.7         2.8
    Oil product imports    638,272     655,183      -2.6         9.5
               gasoline     13,613       2,953     361.1            
               kerosene                                             
                naphtha    511,278     513,740      -0.5         7.9
    Oil product exports    550,169     564,320      -2.5       -16.3
               gasoline    103,214      88,653      16.4       -32.8
               kerosene      8,992      30,028     -70.1       -44.4
               jet fuel    154,416     113,404      36.2        -1.3
                gas oil    133,562     171,960     -22.3       -22.1
          fuel oil B, C    114,852     139,038     -17.4       -18.6
        Refinery Output  3,348,445   3,298,140       1.5        -5.0
               gasoline    957,677     940,231       1.9        -6.0
               kerosene    416,214     468,708     -11.2        -0.9
                naphtha    377,432     388,048      -2.7       -12.7
               jet fuel    227,036     203,229      11.7        -1.7
                gas oil    759,180     682,795      11.2         4.8
    Month end Inventory     Feb         Jan       M/M(%)    Yr/Yr(%)
                  Crude        83.1        85.4     -2.6        -4.5
               Products        57.3        60.0     -4.4        -4.9
               gasoline        11.2        10.9      2.8         3.3
               kerosene         9.0        11.8    -23.9         8.0
      Refinery run rate         Feb         Jan  M/M(pt)   Yr/Yr(pt)
                    (%)        94.1        93.5      0.6         5.6
 
 (Reporting by Osamu Tsukimori; Editing by Subhranshu Sahu and Susan Fenton)
  

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