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. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 548 to 549
Yesterday at 6:04 PM
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has increased from 414 to 417
Yesterday at 6:03 PM
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.3M to -0.346M
13 November
United States. Crude Oil Inventories. The value of the indicator has increased from 5.202M to 6.413M
13 November
United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from 6.5M to 1.3M
12 November
Top news
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.2%
Yesterday at 10:00 AM
European Union. Trade Balance. The value of the indicator has increased from 1.9B to 19.4B
Yesterday at 10:00 AM
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 4%
6 November
European Union. Retail Sales (MoM). The value of the indicator remained at the same level of -0.1%
6 November
Australia. RBA Interest Rate Decision. The value of the indicator remained at the same level of 3.6%
4 November
All news

Forecasts

GBPUSD sell
Period: 21.11.2025 Expectation: 1078 pips
GBPUSD falls as bullish pressure fades and budget risks loom
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 11:04 AM 19
Lyra_Moonwell1
Brent sell
Period: 28.11.2025 Expectation: 300 pips
Brent crude capped by $65–$66 resistance
FA Other Indicators Chart analysis
Yesterday at 09:27 AM 26
John_Bullard
AUDCAD buy
Period: 21.11.2025 Expectation: 660 pips
AUDCAD may enter short-term correction
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Yesterday at 09:19 AM 19
Emily_Foster
S&P 500 sell
Period: 21.11.2025 Expectation: 800 pips
Selling SPX as risk-off mood kicks in
TA Other FA Other
Yesterday at 07:05 AM 14
McCarthy_Raymond
Natural gas sell
Period: 20.11.2025 Expectation: 280 pips
Fading bullish momentum is good reason to sell natural gas
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
13 November 2025 38
Lyra_Moonwell1
USDCAD buy
Period: 31.12.2025 Expectation: 800 pips
USDCAD with 1.4090 play is worth buying
FA Other Chart analysis
13 November 2025 43
McCarthy_Raymond
Go to forecasts