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

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.
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