Japan’s onshore oil product stocks fell by 5.4% to 77.84 million bbl in the week ending Dec. 24, according to data released by the Petroleum Association of Japan trade group. Stock levels dropped by 4.46 million bbl compared to the previous week. Japanese refinery runs increased to 3.60 million b/d, or the equivalent of 87.2%. This was up from the previous week’s runs of 3.57 million b/d.
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