TOKYO (AFX-ASIA) – Japanese oil distributors, such as Nippon Oil Corp, will as of this month reduce production of petroleum products, such as gasoline and fuel oil, due to an anticipated decline in demand, the Nihon Keizai Shimbun reported, without citing sources. Industry-leading Nippon Oil plans to cut July production to 4.9 million kiloliters, down…
JAPAN: Oil firms to cut production on falling domestic demand – report
Posted on July 18, 2003 by EnergyAsia