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Saudi Oil Exports To Japan Jump To 35-Year High

OilPrice.com Wednesday, 14 February 2018
Japan imported 1.295 million barrels of Saudi oil daily last year, which was a 9.5-percent annual increase and the highest import rate since 1982, Japanese government data showed. A local refiner told S&P Platts the increase was a result of Saudi Arabia’s “operational flexibility, as well as they were basically flexible to accommodate our request for tolerance." The increase came amid falling allocations for large Asian clients because of the production cut deal, but it also reflected Saudi Arabia’s particularly sharp cut…
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