Japan’s onshore oil product stocks rose by 5.8% to 82.12 million bbl in the week ending Jan. 7, according to data released by the Petroleum Association of Japan trade group. Stock levels increased by 4.51 million bbl compared to the week before. Japanese refinery runs dipped to 3.64 million b/d, or the equivalent of 88% of refining capacity. This was down from the previous week’s runs of 3.72 million b/d.
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