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

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Source: Zero Hedge
Published: 2026-05-14 07:20 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Asia, Energy, World News, Asia Pacific
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Snippet:
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.
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