• Reuters


Japan will hold an auction on May 10 to sell 760,000 kiloliters, or 4.8 million barrels, of national reserve oil, the industry ministry said on Friday, as part of a release coordinated by the International Energy Agency (IEA) to cool rising prices.

Prime Minister Fumio Kishida had said earlier this month that Japan would release a record 15 million barrels of oil from its national reserves as part of a second round of the IEA-led coordinated release.

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