Japan to begin releasing state oil reserves and joint stockpiles by end of March, PM says
The Facts
- Prime Minister Sanae Takaichi said Japan will start releasing oil from state reserves on March 26.
- Takaichi said Japan will begin releasing oil from joint stockpiles held by producing nations in the country by the end of March.
- Japan had already started releasing 15 days' worth of private-sector oil inventories the week before the announcement.
- The oil releases are being described as a response to supply disruptions and price pressures linked to the Middle East conflict involving Iran.
- Japan depends on the Middle East for about 95% of its oil imports.
- Japan's contribution to the International Energy Agency-coordinated stockpile release is reported to total nearly 80 million barrels.
Context
Why is Japan releasing oil reserves now?
The releases are meant to cushion Japan against supply losses and higher prices tied to the Middle East conflict, which has disrupted shipments and raised concerns about energy security infobae Reuters CNA SCMP.
What kinds of reserves is Japan using?
The reports say Japan is first drawing on private-sector inventories, then state reserves starting March 26, and later joint stockpiles held in Japan by producing nations Reuters Straits Times CNA Free Malaysia Today.
Has Japan sought help beyond its own reserves?
Yes. Takaichi asked International Energy Agency chief Fatih Birol for an additional coordinated release if the situation drags on, and Birol said the agency was ready to move forward if needed ThePrint Malay Mail.
The receipts — all 71 sources
Wire services (8)
APInternational Press - Noticias de Japón en españolJapón inicia este jueves la liberación de reserva nacional d...
Independent coverage (50)
ExBulletinLive Updates: Iran War News - US expected to deploy around 1...
Channels TelevisionJapan PM Asks IEA To Prepare Additional 'Coordinated Release...
DT NewsJapan to Tap State Oil Reserves as Hormuz Crisis Disrupts Su...
TEMPO.COJapan to Release 8.5mn Kiloliters of State-Held Oil to Tackl...
BolsamaniaJapón presiona a la AIE para otra gran liberación de petróle...
سبأنت - وكالة سبأEn raison de l'agression contre l'Iran, le Japon puisera dan...
thesun.myJapan PM urges IEA to ready more oil reserve releases
Malay MailIEA says ready to tap more oil reserves if crisis deepens
News & Analysis for Stocks, Crypto & Forex | investingLiveJapan reportedly calls on IEA to coordinate release of addit...
Trade ArabiaJapan to start releasing state oil reserves tomorrow
سبأنت - وكالة سبأDue to aggression against Iran, Japan will begin drawing on ...
Global Times 环球时报英文版Japan to release oil reserves to curb soaring crude prices, ...
Qazinform.comJapan to start release of state oil reserve Thurs. to ease I...
New Age | The Most Popular Outspoken English Daily in BangladeshJapan inflation slows but ME war casts worry
PortalPortuarioJapón recurrirá a reservas conjuntas de petróleo antes que f...
Red UnoJapón comenzará el jueves a liberar crudo de sus reservas es...
ABC DigitalJapón anuncia liberación de reserva estratégica de petróleo ...
The Nation ThailandTakaichi orders measures to ensure petroleum product supplie...
El EconomistaJapón recurrirá a las reservas conjuntas de petróleo ante la...
InfomédiairePétrole: le Japon puise massivement dans ses réserves face à...
Economie MatinRéserves stratégiques pétrole : le Japon mobilise ses stocks
S A N AFrom oil reserves to coal, world faces energy shockwaves fro...
South China Morning PostJapan to start release of state oil reserve on Thursday to e...
Europe 1Pétrole : le Japon va de nouveau puiser dans ses réserves st...
eldiario.esJapón comenzará a liberar crudo de sus reservas estatales an...
El Periódico de la EnergíaJapón comenzará este jueves a liberar crudo de sus reservas ...
Investing.comJapanese government to release strategic oil stockpiles this...
Daily SunJapan to release national oil reserves from Thursday
Jordan News | Latest News from Jordan, MENAJapan to Begin Releasing Oil from Strategic Reserves Startin...
AsianewstodayJapan To Start Releasing State Oil Reserves Thursday: PM Tak...
Yeni ŞafakJapan to release oil from state reserves Thursday as Iran wa...
CNAJapan to tap joint oil stockpiles, PM says, with no end seen...
RTE.ieJapan inflation slows but Mideast war could see new rise
BERNAMAJapan To Start Releasing State Oil Reserves Thursday: PM Tak...
Daily SabahJapan inflation eases in February but Mideast war poses new ...
DevdiscourseJapan Unlocks Oil Reserves Amidst Geopolitical Turmoil | Hea...
Gulf-TimesJapan to start releasing state oil reserves Thursday
Diario de NoticiasJapón comenzará el jueves a liberar crudo de sus reservas es...
Qatar News AgencyJapan to Start Releasing State Oil Reserves Thursday
CNAJapan to tap joint oil stockpiles, PM says, as supply crisis...
The News InternationalJapan announces record oil reserve release as Middle East en...
Nikkei AsiaJapan PM says country will start releasing oil reserves Thur...
OilPrice.comJapan Moves to Release Oil Stockpiles as Energy Crisis Deepe...
The Whistler NigeriaJapan Moves To Release Largest Oil Reserve In History
TVA NouvellesPétrole: le Japon va de nouveau puiser dans ses réserves str...
DevdiscourseJapan's Strategic Oil Release: Navigating the Middle East Cr...
BFMTVSes importations de pétrole proviennent à 95% du Moyen-Orien...
Public Radio of ArmeniaJapan to release national oil reserves - Public Radio of Arm...
infobaeJapón liberará más reservas de petróleo desde el jueves para...
DH.bePrix de l'énergie - Le Japon va de nouveau puiser dans ses r...
Facts first. Then every angle.
The day’s biggest stories in one short brief — the facts everyone agrees on, then the competing values behind the headlines. Free in your inbox.