Analysis: US to be among Japan’s top 10 oil suppliers in May

24 Mar 2016   Japan

Refiners took advantage of workable arbitrage The US is set to become one of Japan’s top 10 oil suppliers in May when roughly 2 million barrels of US crude and condensate arrive in the month, just months after Washington lifted crude export restrictions put in place 40 years ago. Japanese refiner TonenGeneral will receive its first UfS crude cargo on a Suezmax tanker for delivery at its 258,000 b/d Kawasaki refinery in Tokyo Bay in early May after its recent purchase, market sources said Wednesday. TonenGeneral’s US crude cargo will arrive in Japan around the same time as fellow refiner Cosmo Oil’s 1 million barrels of US crude and condensate cargoes after delays in loading schedules, market sources said. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream […]

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