Japan to import U.S. crude in May, second cargo since export ban lifted: sources

16 Mar 2016   Japan, USA

┬áJapan will receive a U.S. crude cargo in May, the country’s second purchase from the United States since Washington lifted a four-decade ban on crude exports, industry sources said on Wednesday. Phillips 66 has sold a Panamax-sized cargo likely to Japanese refiner TonenGeneral for delivery in May, the sources said. Phillips 66 could not be immediately reached for comment. A TonenGeneral spokesman declined to comment. (Reporting by Liz Hampton in HOUSTON, Osamu Tsukimori in TOKYO and Florence Tan in SINGAPORE; Editing by Tom Hogue)

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