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Request a trialJapanese oil demand fell y/y for a second straight month, by 0.28 mb/d to 3.82 mb/d. Kerosene led the weakness in demand, falling by 76 thousand b/d y/y to 0.51 mb/d, amid lacklustre heating demand due to mild winter temperatures. We expect heating demand to stay subdued throughout the winter, as we…
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