Key facts
- Japan's crude oil imports in April decreased by 65.7% year-on-year.
- April imports averaged 853,329 barrels per day, a record low.
- Japan is increasing its reliance on US crude oil supplies.
- Persian Gulf suppliers experienced disruptions impacting Japanese imports.
Japan's crude oil imports reached a record low in April, declining by 65.7% compared to the previous year, averaging 853,329 barrels per day. This significant drop is attributed to a shift towards US crude oil supplies, as several suppliers in the Persian Gulf encountered disruptions. The trend indicates a strategic adjustment in Japan's energy sourcing amidst global supply chain challenges.