10Dec 2018
Monday

Kuwait overtakes Qatar to become Japan's third oil provider

Updated : Sunday, 02 December 2018, 11:00:16 AM
Japan's overall imports of crude oil grew 5.5 percent year-on-year to 3.09 million bpd for the first expansion in two months
Editorial Staff
By Editorial Staff
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KUWAIT CITY(IAMINKUWAIT):  Kuwait’s crude oil exports to Japan in October jumped 28.3 percent from a year earlier to 7.11 million barrels, or 229,000 barrels per day (bpd), overtaking Qatar to become Japan’s third-biggest oil provider, Japanese government data showed. The volume of Kuwaiti oil bound for Japan rose for the first time in two months, providing 7.4 percent of the Asian nation’s total crude imports, compared with 6.1 percent in the same month of last year, the Japanese Natural Resources and Energy Agency said in a preliminary report.

Japan’s overall imports of crude oil grew 5.5 percent year-on-year to 3.09 million bpd for the first expansion in two months. Shipments from the Middle East, accounted for 86.2 percent of the total, down 1.5 percentage points from the year before. Saudi Arabia remained Japan’s No.1 oil supplier, with imports from the kingdom rising 8.2 percent from a year earlier to 1.26 million bpd, followed by the United Arab Emirates with 760,000 bpd, up 12.6 percent. Qatar ranked fourth with 220,000 bpd and Russia fifth with 162,000 bpd, respectively. Japan is the world’s-third biggest oil consumer after the US and China. 

Courtesy  : Kuwait Times

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Kuwait gold daily market price in global currencies
CommodityUnitPrice(KWD)Price(USD)Price(INR)Change%
Gold1 Ounce 379.571249.6688368.07 0%
Gold1 Tolas 142.33468.5933135.99 0%
Gold 18K1 Gram 9.1530.122130.22 0%
Gold 21K1 Gram 10.6835.162486.42 0%
Gold 22K1 Gram 11.1936.842605.16 0%
Gold 24K1 Gram 12.240.172840.29 0%
Silver1 Gram 0.140.4632.59 0%
Silver1 Kilogram 142.97470.733284.99 0%
Silver1 Ounce 4.4514.651036.01 0%