PAJ said on Friday that despite concerns Saudi-Yemen fighting could widen Middle
East tensions, Japanese refiners have secured adequate crude supplies through
November. PAJ chairman Shunichi Kito said Saudi shipments have not fully stopped
because of ship-to-ship transfers outside the Strait of Hormuz — in some cases
oil transits the strait under Saudi risk then is transferred offshore — but he
cautioned this may not continue and said additional releases from Japan's
national reserves cannot be ruled out.
