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Kuwait’s oil exports to Japan slump 38.6 per cent in September

Roughly 83.7 per cent of Far East Asian country's oil imports came from Middle Eastern producers

Kuwait’s crude oil exports to Japan plunged for the second consecutive month in September, hitting 5.11 million barrels or 170,000 barrels a day, down by 38.6 per cent compared with the same period last year, according to Japanese government figures.

Kuwait is the sixth largest supplier of crude oil exports, accounting for 5.2 per cent of the Far Eastern nation’s oil imports in September, the figures published by the Kuwait News Agency indicate.

Japan’s total oil imports reported the first drop in three months, edging down by 2.3 per cent year-on-year to 3.26m barrels a day.

Roughly 83.7 per cent of the country’s oil imports came from the Middle Eastern producers, mainly from Gulf countries, down by one per cent compared with the same period last year.

Saudi Arabia, the world’s largest oil exporter, remains Japan’s top supplier of crude oil as exports to the Asian country increased by 8.8 per cent to 1.12m barrels a day followed by the United Arab Emirates which exported 822,000 barrels a day to Japan, down by 1.6 per cent.

It is noteworthy that Japan is the world’s third-largest consumer of crude oil after the United States of America and China.