Kuwait's crude oil exports to Japan down 1st time in two months


(MENAFN- Kuwait News Agency (KUNA)) TOKYO, July 3 (KUNA) -- Kuwait's crude oil exports to Japan fell 8.9 percent in May from a year earlier to 6.30 million barrels, or 203,000 barrels per day (bpd), for the first decline in two months, government data showed.
As Japan's fifth-biggest oil provider, Kuwait supplied 6.8 percent of the Asian nation's total crude imports, compared with 8.0 percent in the same month of last year, the Japanese Natural Resources and Energy Agency said in a preliminary report.
Japan's overall imports of crude oil grew 7.1 percent year-on-year to 2.98 million bpd for the first gain in two months. Shipments from the Middle East accounted for 89.9 percent of the total, up 6.6 percentage points from a year before.
Saudi Arabia continued to be Japan's No.1 oil supplier, with imports from the kingdom edging up 1.0 percent from a year earlier to 1.14 million bpd, followed by the United Arab Emirates with 618,000 bpd, down 0.6 percent.
Qatar ranked fourth with 275,000 bpd and Iran fourth with 211000 bpd, respectively. Japan is the world's-third biggest oil consumer after the US and China. (end).
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