Apr 3, 2022
Japan to auction 4.8 million barrels of national reserve oil on May 10
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