The Japanese government will begin releasing the national oil reserves starting today.

MetaMuskRat · 2026-03-26T06:10:18+00:00

The Japanese government began releasing the national oil reserves on March 26, with an estimated total of approximately 8.5 million kiloliters, mainly from 9 bases. It is expected to expand to 11 bases by April. This move aims to address domestic oil supply demands.

MetaMuskRat

2026-03-26 06:10:18

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People’s Financial News, March 26 — According to reports, the Japanese government has begun releasing its national oil reserves today. The Ministry of Economy, Trade and Industry of Japan stated that the release of the national oil reserves started at 11 a.m. local time on March 26 from the “Kikuma National Oil Reserve Base” in Imabari City, Ehime Prefecture. The ministry also announced that the government plans to gradually release oil reserves at nine bases nationwide, including this one, throughout March, with an additional two bases to be added by April. In total, 11 bases across Japan will participate in the release. The total amount expected to be released is approximately 8.5 million kiloliters, equivalent to about one month of Japan’s domestic oil consumption. (CCTV News)

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