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UPDATE 1-Japan oil sales fall to lowest in over 40 years for month of March
April 28, 2017 / 2:00 PM / 5 months ago

UPDATE 1-Japan oil sales fall to lowest in over 40 years for month of March

 (Adds details, table)
    TOKYO, April 28 (Reuters) - Japan's oil sales last month were 15.9 million
kilolitres (3.23 million barrels per day), down 3.7 percent from a year earlier,
the Ministry of Economy, Trade and Industry said on Friday, the lowest March
volume in more than four decades.
    Oil demand in the world's third-biggest economy has been declining for more
than a decade, reflecting a falling population and a shift to more efficient
vehicles and equipment.
    Japan's crude oil imports in March fell 10 percent from a year earlier to
3.2 million barrels per day (15.79 million kilolitres), the data showed.
    The following table shows Japan's crude imports and oil product sales in
barrels per day.
    
 Product/Volume          March         Feb       M/M(%)   Yr/Yr(%)
 Crude Imports         3,203,848    3,539,040      -9.5      -10.0
 Crude Throughput      3,300,939    3,569,757      -7.5       -4.3
 Direct crude burn        42,182       55,807     -24.4      -35.2
 Oil product sales     3,225,994    3,489,771      -7.6       -3.7
 gasoline                880,240      868,923       1.3       -2.9
 kerosene                413,119      562,018     -26.5        0.8
 naphtha                 794,546      851,231      -6.7        3.1
 Oil product imports     525,077      638,272     -17.7       11.3
 gasoline                  4,725       13,613     -65.3      -46.4
 kerosene                 17,722       50,560     -64.9      284.7
 naphtha                 457,979      511,278     -10.4       20.0
 Oil product exports     570,997      550,169       3.8       -5.2
 gasoline                107,810      103,214       4.5        0.2
 kerosene                      5        8,992     -99.9      -99.9
 jet fuel                164,408      154,416       6.5        5.1
 gas oil                 146,106      133,562       9.4      -19.2
 fuel oil B, C           125,408      114,852       9.2       -3.6
 Refinery Output       3,172,787    3,348,445      -5.2       -4.2
 gasoline                955,580      957,677      -0.2       -2.8
 kerosene                308,889      416,214     -25.8      -15.8
 naphtha                 353,079      377,432      -6.5        1.4
 jet fuel                268,974      227,036      18.5       13.3
 gas oil                 693,373      759,180      -8.7       -3.8
 Month end Inventory     March         Feb       M/M(%)   Yr/Yr(%)
 Crude                       78.6         83.1     -5.5      -11.8
 Products                    53.3         57.3     -7.0       -3.2
 gasoline                    10.9         11.2     -3.1        1.3
 kerosene                     6.2          9.0    -30.9      -11.5
 Refinery run rate    March        Feb          M/M(pt)  Yr/Yr(pt)
 (%)                         87.2         94.1     -6.9       -0.7
 

 (Reporting by Osamu Tsukimori; Editing by Christian Schmollinger and Dale
Hudson)
  

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