Japan summer demand up, trend still down

摘要

Tokyo-Japan’s domestic oil demand has not recovered to pre-financial crisis levels over the summer, remaining on its downward trend despite unusually warm weather boosting demand for transport and power fuels, industry sources and analysts said this week. While Japan’s official petroleum statistics from the Ministry of Economy, Trade and Industry are not yet available for August, local industry sources said Japan has had bullish demand for motor fuels and fuel oil over July- August for the summer demand season.