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Japan to release a few hundred thousand kilolitres of oil from reserve

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Japan PM confirms oil reserve release in response to U.S. request

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Japan to release a few hundred thousand kilolitres of oil from reserve

Japan will release a few hundred thousand kilolitres of oil from its national reserve, but the timing of the sale has not been made, the country's industry minister, Koichi Hagiuda, told reporters on Wednesday. ....

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U.S. marshals other nations, challenges OPEC+ with release of oil reserves | Hellenic Shipping News Worldwide

The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain, to try to cool prices after OPEC+ producers repeatedly ignored calls for more crude. Biden, facing low approval ratings and accelerating inflation ahead of . ....

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Japan working on release of oil reserves after U.S. request – sources | Hellenic Shipping News Worldwide

Japanese officials are working on ways to get around restrictions on releasing national reserves of crude oil in tandem with other major economies to dampen prices, four government sources with knowledge of the plans told Reuters. While Prime Minister Fumio Kishida signalled his readiness over the weekend following a request from Washington, the world’s fourth-biggest . ....

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