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Japan Begins Releasing Additional National Oil Reserves on May 1, Equivalent to 20 Days of Supply

GateNews

2026-05-09 03:52:22

According to CCTV News, Japan’s government began releasing additional national oil reserves from a petroleum base in Ibaraki Prefecture on May 1 in response to declining crude imports caused by Middle East tensions. The move follows an initial reserve release announced in late March and a statement by Prime Minister Sanae Takagi in April pledging to release reserves equivalent to approximately 20 days of national consumption.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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