Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
22 November 2022 | Other

Japan's largest refinery braces for downturn due to weak demand

Nikkei 225
Brent
WTI Light Crude Oil

Japan's largest oil refinery is drawing up plans to consolidate production as domestic demand for oil products falls due to declining population and efforts to reduce emissions.

Eneos Holdings Inc. expects domestic demand for fuel to drop by 50% by 2040. Therefore, the company announced a plan to close down one of its 10 refineries in Wakayama Prefecture in 2023.

According to data from the trade ministry, demand for oil products in Japan will fall by 7.1% between fiscal 2021 and 2026. Eneos provides about half of domestic oil demand. In January, the company said it would close its 127,500 b/d plant in October 2023.


Company MarketCheese

Recommended

United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from -6.75M to -9.119M
1 hour ago
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 161K to 155.9K
5 June
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 562 to 563
5 June
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 429 to 431
5 June
United States. All Car Sales. The value of the indicator has decreased from 2.69M to 2.66M
3 June
Top news
United States. Trade Balance. The value of the indicator has increased from $-56.6B to $-55.9B
Today at 12:30 PM
United States. Nonfarm Payrolls. The value of the indicator has decreased from 179K to 172K
5 June
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
5 June
European Union. GDP (QoQ). The value of the indicator has decreased from 0.1% to -0.2%
5 June
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.8% to -0.4%
4 June
All news

Forecasts

BTCUSD sell
Period: 09.07.2026 Expectation: 4350 pips
Bitcoin sell-off targets $59,000
Indicators and reports FA Other Hot news Chart analysis
Today at 11:20 AM 35
Reed_Marcus
Brent buy
Period: 16.06.2026 Expectation: 1235 pips
Buy Brent crude with $107.60 target as it exits descending triangle
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Today at 10:07 AM 34
Lyra_Moonwell1
AUDUSD sell
Period: 09.07.2026 Expectation: 2250 pips
Selling AUDUSD down to 0.68250
Indicators and reports FA Other Indicators Hot news Chart analysis
Today at 09:34 AM 28
Sinclair_John
Tesla Inc buy
Period: 16.06.2026 Expectation: 3000 pips
Buying Tesla stock with $440 target amid recovery after recent sell-off
Technical analysis Indicators and reports Indicators Hot news Fundamental analysis
Today at 08:18 AM 20
Emily_Foster
S&P 500 buy
Period: 31.07.2026 Expectation: 400 pips
Buying SPX from $7,100 support
TA Other FA Other
Today at 04:06 AM 15
McCarthy_Raymond
EURUSD sell
Period: 30.06.2026 Expectation: 650 pips
EURUSD sell-off targets 1.1450
TA Other FA Other
Today at 04:06 AM 16
Bruce_Powers
Go to forecasts