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2026-02-18 16:03:48
[Japanese Refinery Operating Rates Slightly Decline, Crude Oil and Refined Product Inventories Fall Simultaneously] ⑴ Data released by the Petroleum Institute of Japan on Tuesday showed that the average operating rate of Japanese refineries was 84.5% in the week ending February 14, down 1 percentage point from the previous week's 85.5%. ⑵ Regarding inventories, as of February 14, Japanese crude oil inventories were 9.71 million kiloliters, lower than the previous week's 10.08 million kiloliters, a decrease of 370,000 kiloliters. ⑶ Refined product inventories also declined. During the same period, Japanese diesel inventories were 1.43 million kiloliters, lower than the 1.46 million kiloliters on February 7. ⑷ The slight decrease in refinery operating rates and the general decline in inventories may reflect recent changes in demand or the impact of refinery maintenance schedules. The market will focus on subsequent data to determine the trend of Japanese energy demand.
