The Japanese government is considering releasing additional national oil reserves in May.

MetaMuskRat · 2026-04-05T12:31:33+00:00

Due to the impact of the Middle East situation, Japan's crude oil imports have dropped significantly. The government plans to release an additional amount from the national oil reserves in May, equivalent to about 20 days of consumption. Since March 16, 80 million barrels have been released, setting a new record.

MetaMuskRat

2026-04-05 12:31:33

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People’s Finance and News, April 5—According to Japanese media reports on the 5th, affected by the situation in the Middle East, Japan’s crude oil import volume has fallen sharply, prompting widespread concern. The Japanese government is considering releasing additional national oil reserves in May, with the release volume equivalent to Japan’s approximately 20 days of usage. Based on data from Japan’s Ministry of Economy, Trade and Industry, as of the end of 2025, Japan’s total domestic oil reserve stock is equivalent to its 254 days of usage. Due to disruptions to passage through the Strait of Hormuz, the Japanese government has released a total of about 80 million barrels of oil reserves starting March 16, equivalent to the oil supply Japan needs for 45 days— the largest release since Japan created its national oil reserve system in 1978. (Xinhua News Agency)

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