Kuwait’s crude oil exports to Japan jump 40.1 pct in Dec.

TOKYOKuwait’s crude oil exports to Japan in December surged 40.1 percent from a year earlier to 7.09 million barrels, or 229,000 barrels per day (bpd), for the first increase in two months, government data showed Friday.

As Japan’s fourth biggest oil provider, Kuwait supplied 7.1 percent of the Asian nation’s total crude imports, the Japanese Natural Resources and Energy Agency said in a preliminary report.

For the whole of 2019, Kuwait’s crude oil exports to Japan stood at 253,000 bpd, up 8.6 percent from the previous year.

Japan’s overall imports of crude oil in December grew 7.6 percent year on year to 3.22 million bpd, up for the first time in five months.

Shipments from the Middle East accounted for 88.9 percent of the total, up 2.2 percentage points from the year before.

Saudi Arabia remained in the top spot, but imports from the Kingdom fell 12.9 percent from a year earlier to 1.11 million bpd, followed by the United Arab Emirates with 985,000 bpd, up 34 percent.

Qatar ranked third with 348,000 bpd and Russia fifth with 162,000 bpd, respectively.

Japan is the world’s third biggest oil consumer after China and the US.

Source: Kuwait News Agency