Japan’s crude imports dropped 25% year on year to 2.28 million b/d in May, the lowest for the month in 53 years as refiners had slashed their crude throughput in the wake of the coronavirus pandemic, which sank domestic oil products demand. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The May crude imports, which were the lowest for the month since 1967, also dropped 17.3% from April as refiners had reduced their crude throughput by 25.6% year on year and 19.9% month on month to 2.07 million b/d, according to preliminary data released June 30 by the Ministry of Economy, Trade and Industry. Japanese refiners reduced crude imports year on year from almost all of its key suppliers in the Middle East, Russia, the Americas, including zero imports from the US in May. “With tanks having been filled up, we are getting left […]