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Foreign media reports Biden administration asked Japan to consider releasing crude stockpiles

  • November 18, 2021
  • , NHK
  • JMH Summary

NHK reported on a Reuters story saying that according to multiple sources, the Biden administration has asked Japan, South Korea, India, and China to consider releasing their crude oil stockpiles in a coordinated effort to lower global energy prices. Chief Cabinet Secretary Matsuno told the press this morning: “We regularly communicate with the United States on various topics, but I’d like to refrain from commenting on every single item. The Japanese government will continue to closely monitor the impact of the rise in crude oil prices on the global energy market and the Japanese economy, urge oil producing nations to increase production, and strengthen our ties with major consumers, the International Energy Agency, and other international organizations in order to stabilize the energy market.”

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