Tokyo—Japan’s crude and fuel oil demand for power generation is estimated to average around 320,000 b/d over the July-September summer peak power season, down 12% from 365,000 b/d last summer amid, according to a Platts survey of industry sources and analysts. Petroleum Association of Japan President Yasushi Kimura on June 23 said that Japan’s summer crude and fuel oil demand for power generation is expected to drop 10-20% from last year, while overall summer power demand is expected to be down 1-2% year on year from forecasted cooler weather.
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