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U.S., Japan, others to announce additional release of oil reserves

  • March 1, 2022
  • , Nikkei
  • JMH Summary

Nikkei reported from Washington that it learned that the United States, Japan, and other nations will soon announce a plan to release additional oil reserves. The paper said that according to the Wall Street Journal, the nations are considering releasing about 70 million barrels of oil reserves in response to the surge in the price of crude oil following Russia’s invasion of Ukraine. The daily added that the United States, Japan, and other nations are likely to reach an agreement with the members of the International Energy Agency on the release on Monday or Tuesday.

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