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Japan's 2021 crude imports seen falling 5-10% on year amid COVID-19: PAJ chief | Hellenic Shipping News Worldwide


Japan’s 2021 crude imports seen falling 5-10% on year amid COVID-19: PAJ chief
Japan’s crude oil imports will likely drop 5-10% on the year in 2021, without a recovery from the coronavirus pandemic, Petroleum Association of Japan President Tsutomu Sugimori said Jan. 21, extending the decline after falling to the lowest level in decades last year.
“When considering our crude imports henceforth, it would not increase, judging from domestic [oil] demand of about 90-95% [of a year ago level],” Sugimori told an online press conference. “Instead it would drop by about 5-10%.”
“Should the current situation [over the coronavirus pandemic] continue, it is unlikely we would take more crude oil from a year ago,” he added. ....

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