The head of the intelligence department of Japan's Metals and Energy Security Agency said that despite the decline in crude oil arrivals in the Middle East, Japan's crude oil imports in July and August were basically the same as in July and August, relying on inventories to secure a buffer period for buyers to find alternative sources. Takashi Akizuki also said at the Asia-Pacific Petroleum Conference in Singapore that when the Middle East crisis broke out, Japan's crude oil stocks were sufficient to cover more than 200 days of domestic demand. He said on Wednesday that this buffer inventory has given Japan time to purchase crude oil from other sources in the Middle East and the United States and other places. The transportation of this crude oil does not need to go through the Strait of Hormuz.

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