Japan to start releasing oil from joint stockpiles by end-March, PM says

Japan will begin releasing oil from joint stockpiles held by producing nations in the country by the end of March, Prime Minister Sanae Takaichi said on X. The announced release increases near-term supply from strategic reserves and could exert modest downward pressure on regional oil prices, though the size and exact timing of releases were not disclosed.

Analysis

Japan will begin releasing oil from joint stockpiles held by producing nations in the country by the end of March, Prime Minister Sanae Takaichi said on X. The announced release increases near-term supply from strategic reserves and could exert modest downward pressure on regional oil prices, though the size and exact timing of releases were not disclosed.