Japan Plans to Release 36 Million Barrels from Reserves

Japan plans to release about 36 million barrels from its national oil reserves starting early May.

The Ministry of Economy, Trade and Industry said contracts with refiners will be finalized by late April.

The move aims to stabilize domestic supply.

Amid global energy market disruptions.

Prime Minister Sanae Takaichi said the volume covers 20 days of demand.

Japan is also diversifying imports.

Away from the Middle East.

Daily demand stands at about 1.8 million barrels.

Explaining the scale of the release.

Tokyo continues coordination with partners.

To secure supply and limit disruptions.

To the economy and supply chains.