Japan

  • Japan oil data – Nov 2018

    Japan oil data – Nov 2018 cover image Published 2 Jan 2019 by
    Japanese oil product demand resumed its downtrend in November, falling by 0.23 mb/d y/y to 3.43 mb/d, following a rare uptick in October. The weakness in demand was led by kerosene (-93 thousand b/d y/y) amid an exceptionally warm start to the winter, as November’s HDDs totalled 191 (-20% y/y). M..

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  • Japan oil data – Oct 2018

    Japan oil data – Oct 2018 cover image Published 30 Nov 2018 by
    Japanese oil demand grew y/y for the first time in eight months in October, by 45 thousand b/d to 3.26 mb/d. Fuel oil demand rose y/y by 26 thousand b/d, to 0.17 mb/d, up from a low base. Jet demand rose y/y by 14 thousand b/d, to 93 thousand b/d, also boosted by a low base as Typhoon Lan weighed..

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  • Japan oil data – Sep 2018

    Japan oil data – Sep 2018 cover image Published 31 Oct 2018 by
    Japanese oil demand fell once more in September, by 0.12 mb/d y/y to 3.12 mb/d. Naphtha demand was down by 41 thousand b/d y/y at 0.73 mb/d and LPG demand was 25 thousand b/d lower y/y at 0.31 mb/d, weighed down by heavy cracker maintenance in September (offline ethylene capacity was 66 Kt higher..

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  • Japan oil data – Aug 2018

    Japan oil data – Aug 2018 cover image Published 28 Sep 2018 by
    Japanese oil demand fell by 65 thousand b/d y/y to 3.22 mb/d in August. Lower petrochemical demand for naphtha (-55 thousand b/d y/y) due to heavy cracker maintenance, which will last through September and ease from October onwards, offset higher utility demand for kerosene (+2 thousand b/d y/y),..

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  • Japan oil data – Jul 2018

    Japan oil data – Jul 2018 cover image Published 31 Aug 2018 by
    Japanese oil demand fell by 58 thousand b/d y/y to 3.17 mb/d in July, a relatively small drop by recent standards. In H1 18, demand was lower y/y by 0.12 mb/d. Warm weather in July (CDDs hit a 10-year high) boosted cooling demand for utility fuels—direct crude burn posted a rare annual gain..

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  • Japan oil data – Jun 2018

    Japan oil data – Jun 2018 cover image Published 31 Jul 2018 by
    Japanese oil demand tumbled in June by 0.26 mb/d y/y to 2.85 mb/d, the lowest since at least 1995. Naphtha suffered its biggest y/y decline in years, falling by 0.18 mb/d to reach 0.56 mb/d, which was the lowest since November 2008. Naphtha’s decline was due to the highest monthly offline e..

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  • Japan oil data – May 2018

    Japan oil data – May 2018 cover image Published 29 Jun 2018 by
    Japanese oil demand fell again in May, by 50 thousand b/d y/y to 3.09 mb/d, the lowest on our records dating back to 1995. Demand for all products was down, except jet, consumption of which grew by an impressive 40 thousand b/d y/y to 1.28 mb/d, the highest since November 2008. Jet demand was lik..

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  • Japan oil data – Apr 2018

    Japan oil data – Apr 2018 cover image Published 31 May 2018 by
    Japanese oil demand fell again in April, this time by 0.19 mb/d y/y to 3.22 mb/d. Demand was lower y/y for all products except diesel, which grew by 3 thousand b/d y/y as industrial production posted its 18th straight y/y gain (+2.5%). Heating fuels led the declines due to mild weather (HDDs 25%..

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  • Japan oil data – Mar 2018

    Japan oil data – Mar 2018 cover image Published 27 Apr 2018 by
    Japanese oil demand fell by the most in 25 months, by 0.25 mb/d y/y to 3.62 mb/d in March. Demand fell across the barrel, except for an impressive 31 thousand b/d y/y expansion for diesel, supported by another strong print on manufacturing (PMI at 53.1). But much warmer weather (HDDs were 25% low..

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  • Japan oil data – Feb 2018

    Japan oil data – Feb 2018 cover image Published 2 Apr 2018 by
    Japanese oil demand posted a rare and sizeable y/y gain of 63 thousand b/d to 4.14 mb/d in February. A continuation of the colder-than-average weather since the start of winter—February HDDs were higher y/y by 11%—boosted demand for heating fuels. Leading the y/y gains were fuel oil (..

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  • Japan oil data – Jan 2018

    Japan oil data – Jan 2018 cover image Published 28 Feb 2018 by
    Japanese oil demand fell by just 37 thousand b/d y/y to 3.84 mb/d in January, the slowest pace of decline in four months, as cold weather boosted demand for heating fuels. The highest HDDs since January 2013 lifted demand for direct crude burn higher y/y, by 26 thousand b/d, for the first time si..

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  • Japan oil data – Dec 2017

    Japan oil data – Dec 2017 cover image Published 31 Jan 2018 by
    Japanese oil demand fell by 64 thousand b/d y/y to 4.10 mb/d in December 2017. Demand fell for all products except diesel, kerosene and LPG. Diesel demand grew by 7 thousand b/d y/y, supported by another month of strong industrial production (+4.2% y/y), while frigid temperatures (HDDs +19% y/y)..

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  • Japan oil data – Nov 2017

    Japan oil data – Nov 2017 cover image Published 2 Jan 2018 by
    Japanese oil demand fell by 86 thousand b/d y/y to 3.67 mb/d in November. Demand fell for all products except diesel and LPG, which grew y/y by 11 thousand b/d and 19 thousand b/d respectively. Diesel demand expanded for the 10th time over the past 13 months, as manufacturing PMI rose to 53.6, wh..

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  • Japan oil data – Oct 2017

    Japan oil data – Oct 2017 cover image Published 30 Nov 2017 by
    Japanese oil demand fell the most in eight months, by 0.12 mb/d y/y to 3.22 mb/d in October. Only two products posted gains: kerosene grew by 15 thousand b/d y/y due to colder weather (HDDs higher y/y by 14%), while naphtha demand leapt by 62 thousand b/d y/y (the sixth consecutive month of annua..

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  • Japan oil data – Sep 2017

    Japan oil data – Sep 2017 cover image Published 31 Oct 2017 by
    Japanese oil demand contracted by just 8 thousand b/d y/y to 3.24 mb/d in September. Utility demand for fuel oil (-43 thousand b/d y/y) and crude (-18 thousand b/d y/y) was again the main drag, with crude falling to its lowest since at least 1995 at just 15 thousand b/d. Cooler temperatures (CDDs..

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