Refining Hits 10-Week High at Japan Oil Plants: Energy Markets
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Oil refining in Japan, the world’s third-largest consumer of crude, rose to a 10-week high as producers resume operations after maintenance shutdowns.
The nation’s refiners were using more than 75 percent of capacity in the week ended July 17, the highest rate since May 8, according to data from the Petroleum Association of Japan. That compares with this year’s low of less than 62 percent in the week ended June 19.