Market brief · Economy & rates

Japan's Refiners Have Enough Crude to Last Through November, Industry Body Says

Japanese refiners have procured enough crude oil to last them through November, the head of the Petroleum Association of Japan (PAJ) said on Friday, amid yet another twist in supply availability from the Middle East. The temporary shutdown of the East-West oil pipeline in Saudi Arabia following attacks last week added another uncertainty in oil cargo movements from the Middle East region after the Kingdom halted loadings at the Red Sea port of Yanbu. The Saudis, however, have boosted shuttle-shipping through the Strait of…