Japan To Release 6 Million Barrels Of Crude Oil From Private Reserves ...Middle East

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Japan To Release 6 Million Barrels Of Crude Oil From Private Reserves
source : OILPRICE ( Middle East ) () 21
Japan announced on Friday that it would release 6 million barrels of crude oil from its private reserves as part of the International Energy Agency’s plan to release 120 million barrels of crude oil to ease the price of crude. Japan is set to release a total of 15 million barrels as part of the IEA’s stockpile release. The remaining 9 million barrels will come from Japan’s state reserves, although Japan has not yet disclosed the timing and method of release. Japan will achieve the 6 million barrel release by letting local refiners…

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