Japan Refiners To Buy Nigerian Crude As War Risks 95% Imports

Japan refiners are ramping up crude oil importation from Nigeria, highlighting the short-term challenges of replacing their Middle Eastern crude supply, cut by the Iran war.

Refinery runs stood at 67.8% of the designed capacity for the week to April 11, in line with 67.7% in the previous week and well below the ​levels of more than 80% seen before the start of the war in late February,…