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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
We humbly apologize for the inconvenience.