Japan Oil Imports Tumble

摘要

Japan's crude oil imports tumbled in May, down 11% year-on-year at 3.078 million b/d. Imports have now fallen for five months in a row, accelerating as the Japanese economy stabilizes after the Mar. 11 earthquake and tsunami. The May average was down 14% from April's 3.567 million b/d, itself lower than the 3.782 million b/d imported in March.