Japanese refiners expect less June-loading allocations for Middle Eastern oil

摘要

While the Petroleum Association of Japan (PAJ)reports that crude allocations for contracts with Middle Eastern countries have been drastically cut,refiners will likely be able projected demand for refined products.In April,the country imported 3.1 MM b/d of crude,which was 6.3% lower on the year.Middle Eastern grades accounted for 89.8% of imports in April this year,compared to 88.1% in April 12019.