Japan

  • 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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  • Japan oil data – Aug 2017

    Japan oil data – Aug 2017 cover image Published 29 Sep 2017 by
    Japanese oil demand fell y/y for the eighth consecutive month in August, by 58 thousand b/d to 3.29 mb/d. Falling utility demand for direct crude burn (-44 thousand b/d y/y) and fuel oil (-29 thousand b/d y/y) was again the main drag. Diesel demand contracted for only the second time in the past..

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  • Japan oil data – Jul 2017

    Japan oil data – Jul 2017 cover image Published 31 Aug 2017 by
    Japanese oil demand fell y/y for the seventh consecutive month in July, down by 0.13 mb/d to 3.21 mb/d. Nonetheless, demand recovered seasonally from June, which was the weakest reading since at least 1995. The July declines were led by LPG, which experienced the largest demand decline in 17 mont..

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  • Japan oil data – Jun 2017

    Japan oil data – Jun 2017 cover image Published 31 Jul 2017 by
    Japanese June oil demand fell to 3.11 mb/d (-43 thousand b/d y/y), the weakest since at least 1995, as lower utility demand for direct crude burn (-16 thousand b/d y/y) and fuel oil (-78 thousand b/d y/y) offset strong stronger demand in naphtha (+19 thousand b/d y/y) and diesel (+30 thousand b/d..

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  • Japan oil data – May 2017

    Japan oil data – May 2017 cover image Published 30 Jun 2017 by
    Japanese oil demand continued to fall y/y, although May’s decline was just 5 thousand b/d to 3.14 mb/d, the lowest on our records dating back to 1995. Oil demand continued to fall despite stellar y/y demand growth in naphtha (72 thousand b/d) and diesel (30 thousand b/d). More favourable cr..

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  • Japan oil data – Apr 2017

    Japan oil data – Apr 2017 cover image Published 31 May 2017 by
    Japanese oil demand continued to decline in April, by 0.17 mb/d y/y to 3.41 mb/d, despite the country experiencing 12% more HDDs y/y. Leading the decline in demand was LPG, which contracted by 53 thousand b/d y/y due to lower petrochemical demand. Naphtha demand also fell by 24 thousand b/d y/y&m..

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  • Japan oil data – Mar 2017

    Japan oil data – Mar 2017 cover image Published 28 Apr 2017 by
    Even with HDDs higher y/y by 13%, and by 9% versus the five-year norm, Japanese oil demand declined by 88 thousand b/d y/y to 3.86 mb/d in March, led by weakness in fuel oil demand—down by 85 thousand b/d y/y. This was mainly due to the return of the 0.89 GW Sendai unit 2 nuclear reactor fr..

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  • Japan oil data – Feb 2017

    Japan oil data – Feb 2017 cover image Published 30 Mar 2017 by
    With February temperatures warmer-than-average, Japanese oil demand declined by 0.13 mb/d y/y to 4.07 mb/d, led by weakness in heating fuels—fuel oil (-65 thousand b/d), direct crude burn (-76 thousand b/d) and LPG (-35 thousand b/d). Fuel oil and direct crude burn demand will come under further..

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