WATCHING THE WORLD JAPAN'S DEREGULATION UNDER THREAT
With David Knott from London Before Iraq's invasion of Kuwait in August 1990, Japan imported more than 1 million b/d of petroleum products, or about 27% of its total demand. Two thirds came from the Middle East, one third from Singapore. Since 1990, products imports from the Middle East have fallen by 250,000 b/d, with declines most noticeable in middle distillates and heavy fuel oil. Imports from Singapore have remained about the same.