JAPAN CUTS DOWN KEROSENE SHIPMENTS BY 11% YEAR ON YEAR

The warm winter in Japan has resulted in reduced domestic kerosene shipments. The demand of kerosene for heating purposes is down by almost 11% year on year, according to President of Petroleum Association of Japan, Takashi Tsukioka.

All present kerosene demand and supply statistics shows that the shipment is below 90%, said Tsukioka at a press conference in Tokyo.

He explained that at the moment, refiners would have to adj....