TOKYO, March 26 - Cosmo Oil Co Japan's fourth-largest refiner, said on Thursday it plans to cut its crude oil processing volumes for April-June by 9.3 percent year-on-year, citing declining domestic demand.
The company said it plans to reduce refining by 640,000 kl for the quarter, but did not give the total planned refining volume for the period.
A number of Japanese refiners have announced plans recently to cut second-quarter crude runs amid slow domestic demand and heavier seasonal maintenance.
The company said it plans to reduce refining by 640,000 kl for the quarter, but did not give the total planned refining volume for the period.
A number of Japanese refiners have announced plans recently to cut second-quarter crude runs amid slow domestic demand and heavier seasonal maintenance.
