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. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 58.1K to 78.8K
23 January
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 410 to 411
23 January
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 543 to 544
23 January
United States. Cushing Crude Oil Inventories. The value of the indicator has increased from 0.745M to 1.478M
22 January
United States. Crude Oil Inventories. The value of the indicator has increased from 3.391M to 3.602M
22 January
Top news
European Union. Manufacturing PMI. The value of the indicator has increased from 49.2 to 49.4
23 January
Japan. BoJ Interest Rate Decision. The value of the indicator remained at the same level of 0.75%
23 January
United States. PCE price index (YoY). The value of the indicator has increased from 2.7% to 2.8%
22 January
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 2.7% to 2.8%
22 January
United States. GDP (QoQ). The value of the indicator has increased from 4.3% to 4.4%
22 January
All news

Forecasts

Silver sell
Period: 06.02.2026 Expectation: 4500 pips
Silver must test $103 to confirm exit from channel
FA Other Chart analysis Indicators
Today at 11:48 AM 20
Tom_Kern
S&P 500 buy
Period: 02.02.2026 Expectation: 4300 pips
SPX rallies into Magnificent Seven earnings and Fed policy
Technical analysis TA Other FA Other Indicators Fundamental analysis
Today at 11:44 AM 20
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
GBPUSD sell
Period: 28.02.2026 Expectation: 900 pips
GBPUSD selloff down to 1.3570
FA Other Chart analysis
Today at 11:18 AM 20
McCarthy_Raymond
Brent sell
Period: 15.02.2026 Expectation: 50 pips
Selling Brent crude down to $65.5
Indicators and reports Chart analysis
Today at 09:58 AM 19
Bruce_Powers
Gold buy
Period: 02.02.2026 Expectation: 14000 pips
Gold sets bar even higher due to intensified safe-haven demand
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Today at 08:57 AM 33
Emily_Foster
AUDCAD buy
Period: 30.01.2026 Expectation: 600 pips
AUDCAD trend holds firm on upbeat Australian reports
Technical analysis TA Other FA Other Indicators Fundamental analysis
23 January 2026 71
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Go to forecasts