Kuwait’s April crude oil exports to Japan up 16 pct

Kuwait’s crude oil exports to Japan in April jumped 16.0 percent from a year earlier to 7.67 million barrels, or 256,000 barrels per day (bpd), up for the fifth straight month, government data showed Wednesday.

Kuwait was Japan’s No.3 oil provider last month, supplying 8.9 percent of the Asian nation’s total crude imports, compared with 7.6 percent in the same month of 2022, the Japanese Natural Resources and Energy Agency said in a preliminary report.

Japan’s overall imports of crude oil fell 1.5 percent year-on-year to 2.87 million bpd, down for the third month in a row. Shipments from the Middle East accounted for 95.2 percent of the total, up 1.5 percentage points from the year before.

The United Arab Emirates (UAE) returned to be Japan’s No.1 oil supplier, with imports from the country surging 29.4 percent from a year earlier to 1.21 million bpd, followed by Saudi Arabia with 1.01 million bpd, down 20.9 percent.

Qatar ranked fourth with 178,000 bpd and the US fifth with 61,000 bpd, respectively. Japan is the world’s-third biggest oil consumer after China and the US.

Source: Kuwait News Agency