S&P: Kuwait ranks fourth in Japan's oil imports
Japanese oil refining companies anticipate a return to normal shipping volumes of oil from the Gulf region during the third quarter of the year, with Japan's crude oil imports fully recovering by August. The narrowing of the price gap between Dubai crude and Brent has made Middle Eastern crudes more attractive, with Kuwait ranking fourth as Japan's largest oil supplier from January to May 2026, strengthening its position in the Japanese energy market. Additionally, the improvement in spot oil prices and the spread between Dubai crude and Brent have contributed to supporting this trend.
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