Saudi Aramco has informed at least one Japanese refiner that it will reduce the refiner’s June-loading crude allocations by 20%-40%, a source at the Japanese refiner told S&P Global Platts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “We had cuts across grades, with larger cuts in heavier grades,” the source said, adding that the company is slightly concerned of the possibility of an uptick in domestic demand following the partial lifting of Japan’s state of emergency on Thursday. Japan on Thursday lifted the state of emergency measures imposed to curb the spread of COVID-19 in 39 out of 47 prefectures, with a planned follow-up review on May 21 to possibly lift additional […]