Japan's Refinery Utilization Surges to 73% Amid Strategic Oil Releases

Japan's Refinery Utilization Hits 73% As Strategic Oil Stocks Flow In

Japan's Refinery Utilization Hits 73% As Strategic Oil Stocks Flow In With global refineries working overtime to convert oil into much needed product, Japan's refinery utilization rates also surged 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, OilPrice reported. For the first time since March, refiners in Japan have boosted their average utilization rate to above 70...

By Tyler Durden