Japanese refinery runs down to 72.5% on a weekly basis

TOKYO, April 1 (Reuters) - Japanese refineries slightly cut utilisation rates to 72.5% of designed capacity in the week to March 28 from 73.3% a week earlier, Petroleum Association of Japan data showed on Wednesday.

The refinery utilisation rates are down from more than 80% before the start of the U.S. and Israeli war in Iran, which has disrupted oil supply.

  • Japan started to partially release oil stockpiles from March 16.

  • In total, Japan is making available around 50 days' worth of oil consumption and is asking the International Energy Agency to consider the coordinated release of a second batch of stockpiles.

  • PAJ did not provide a breakdown for the weekly stocks of gasoline, jet fuel, kerosene and diesel.

  • LNG stockpiles held by major Japanese utilities were at 2.39 million metric tons as of March 22, up from 2.28 million tons a week earlier and the highest so far this year, data from the industry ministry showed separately on Wednesday.


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