Gulf Oil and Gas accountACCOUNT

Japan Stock Movements - September 2015

Source: OPEC 9/25/2015, Location: Asia

In Japan, total commercial oil stocks rose by 8.9 mb in July, reversing Juneís stock draw. At 167.4 mb, Japanese commercial oil inventories stood 4.9 mb or 3.0% higher than a year ago, but remained 4.9 mb or 2.9% below the five-year average. Within the components, crude and product inventories rose by 5.6 mb and 3.4 mb, respectively.

Japanese commercial crude oil stocks rose in July for the third consecutive month to stand at 103.0 mb. With the build, stocks were 3.6 mb above a year ago at the same time and 1.1 mb above the seasonal norm. The stock build in crude oil was driven by higher crude imports, which rose by around 500,000 b/d or 17.0% to average 3.4 mb/d. Higher crude runs limited a further build in crude oil stocks. Indeed, refinery runs rose by about 430 tb/d to stand at 3.1 mb/d, corresponding to a utilization rate of 78.6%, 11.0 pp above the previous month and 2.1 pp above a year ago at the same time.

Japanís total product inventories also rose by 3.4 mb in July, reversing the drop of the previous month. At 64.1 mb, product stocks stood 1.3 mb or 2.1% above the same time a year ago, but showed a deficit of 6.0 mb or 8.6% with the five-year average. The build was driven mainly by higher refinery output, which rose by around 335 tb/d, or 12.9%, to stand at 2.9 mb/d, but was 2.8% higher than a year ago at the same time. Increases in oil product sales limited a further build in inventories. Oil product sales rose by around 100,000 b/d, averaging 2.9 mb/d, 1.0% higher than a year ago at the same time. Within products, the picture was mixed; distillate and residual fuel oil stocks rose, while gasoline and naphtha experienced stock draws.

Distillate stocks rose by 3.5 mb in July to stand at 28.9 mb. At this level, distillate stocks were 2.6 mb or 10.0% above the same period a year ago, but 1.4 mb or 4.8% below the seasonal average. Within distillate components, gasoil and kerosene stocks rose by 12.9% and 11.6%, respectively, while jet fuel stocks rose by 20.0%. The build in distillate components was driven by higher output combined with lower domestic sales.

Total residual fuel oil stocks rose by 1.2 mb in July to stand at 13.6 mb, which was 2.5 mb or 15.7% below a year ago and 2.4 mb or 15.2% lower than the latest five-year average. Within the fuel oil components, fuel oil A and fuel oil B.C stocks rose by 0.7% and 16.1%, respectively. The build was driven by lower domestic sales, combined with higher production.

Gasoline stocks fell by 1.3 mb in July to stand at 9.7 mb, indicating a deficit of 1.3 mb or 11.6% with the same time a year ago, and 2.9 mb or 23.0% below the latest fiveyear average. The fall in gasoline stocks came on the back of higher domestic sales, which increased by 13.7%. Higher gasoline output limited a further stock draw.

Investment News in Japan >>

Nigeria >>  2/22/2021 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement on the funding arrang...
United Arab Emirates >>  2/22/2021 - The Abu Dhabi National Oil Company (ADNOC) has announced, its Thamama Center of Excellence (Thamama) has generated $1.1 billion (AED 4.04 billion) in ...

United Kingdom >>  2/22/2021 - Integrated subsea technology and services provider Ashtead Technology has invested £1million to develop a new R&D and engineering facility in Aberdeen...
Nigeria >>  2/21/2021 - The Department of Petroleum Resources (DPR) has called on businessmen to invest in the oil and gas industry instead of indulging in illegal refineries...

Italy >>  2/19/2021 - Eni's Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the full year and the fourth quarter of ...
Russia >>  2/12/2021 - - Net income in 4Q 2020 reached a record of RUB 324 bln and amounted to RUB 147 bln in 2020. ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Japan Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.