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Japan Begins Additional Strategic Oil Reserve Releases on May 1, Equivalent to 20 Days of Consumption

GateNews

2026-05-08 03:50:28

According to CCTV News, on May 1, the Japanese government began additional releases of strategic petroleum reserves from an oil base in Ibaraki Prefecture. The move follows a sharp decline in crude oil imports to Japan due to Middle East tensions, prompting the government to tap reserves to stabilize supply.

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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