Japan Commercial Crude Inventory Falls 58,481 Kilo-liters for Week Ending Aug 1

According to the Japan Petroleum Association (PAJ), Japanese commercial crude oil inventory for the week ending August 1 stood at 10.826 million kilo-liters, down 58,481 kilo-liters from 10.884 million kilo-liters the previous week.

The refinery utilization rate for available capacity (BPSD) was 88.6% compared to 88.7% previously, while the utilization rate for design capacity (BPCD) rose to 80.2% from 78.0%.

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