UAE Ousts Saudis as Japan’s Top Oil Supplier in May

摘要

The United Arab Emirates has ousted Saudi Arabia from its usual top spot on the list of crude suppliers to Japan for the first time in nearly four years, as the major Asian importer doubled down on light, sour crude from the emirates. Japan’s imports of Iranian crude fell to zero in May, while the country also landed a record-low volume of Saudi Arabia’s medium, sour Arab Medium grade at a time when medium, sour crude supplies were being squeezed by US sanctions on Iran and Venezuela.