Japan's Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In | EN590 Commodities
EN590 Commodities GroupCrude Oil · May 13, 2026
Japan's Refinery Utilization Hits 73% as Strategic Oil Stocks Flow In Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Japan's refinery utilization rates are rebounding in May as releases from petroleum reserves and increased supply of non-Middle East crude are easing the crude supply crunch seen in March and most of April. For the first time since March, refiners in Japan have boosted their average utilization rate to above 70% in the past two weeks, data from the Petroleum Association of Japan (PAJ)showedon Wednesday. Utilization rate of the designed capacity was 73.3% in the week to May 9, following 77.3% utilization rate the week prior to May 2, the data showed. These run rates compare to utilization rates inthe
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