Japan Rules Out More Reserve Releases After G7 Pledges 100 Million Barrels
8 Articles
8 Articles
Takaichi says Japan has already been releasing reserves as G7 agrees coordinated 100 million barrel drawdown
Japan has no plans to release more crude oil from its state reserves, said Japanese Chief Cabinet Secretary Minoru Kihara. The decision comes amid a G7 agreement to coordinate the release of 100 million barrels of oil and diesel from emergency stocks, News.bg reports. Kihara explained that Japan has already taken several steps to use its strategic reserves. "Japan has been releasing oil from its reserves for some time now and has no plans for fu…
Japan has no plans for new oil release from national reserves, official says
Japanese Chief Cabinet Secretary Minoru Kihara said on Monday there were no plans for a fresh release of crude oil from national reserves as the country had already released supplies.
Japan's Senior Cabinet Secretary, Minoru Kihara, said today that his country does not intend to release additional amounts of crude oil from its national reserves, after it had previously released supplies from it. This comes despite the fact that the G-7 agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves, with an undertaking not to impose restrictions on [...] Japan's article excluding the release of…
Tokyo – Japan's Chief Cabinet Secretary, Minoru Kihara, said Monday there are no plans to release any new crude oil from its national reserves. Kihara's remarks came after the G7 countries, of which Japan is a member, agreed on Friday to release 100 million barrels of diesel and crude oil from their emergency reserves and pledged to refrain from restricting energy exports. The announcement came in response to pressure from U.S. President Donald …
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