Japan crude imports from Iran fall 32.3pc in February y/y

TOKYO: Japan's crude oil imports from Iran in February fell 32.3 percent from a year earlier to 953,848 kilolitres (214,268 barrels per day), the Ministry of Economy, Trade and Industry (METI) data showed on Friday, as the world's third-biggest oil consumer seeks a waiver from US sanctions.

Japan's Ministry of Finance recently issued customs-cleared imports data from Iran, but the oil industry considers METI data as a benchmark because it tracks the actual import status of oil tankers.