Japan plans strategic oil release as refiners face supply strain
businessenergy-marketsworldjapan 3 posts · 1 accounts
Japan plans to release about 36 million barrels from national reserves while refiners run below capacity and naphtha-dependent companies warn of supply issues.
From the sources (3 posts)
@staunovoJapan naphtha-dependent firms flag supply issues despite government assurances #oott
@staunovo#Japan plans to release around 36 million barrels from its national oil reserves from early May, with contracts with refiners expected to be set by the end of April, a senior official at the Ministry of Economy, Trade and Industry (METI) sa
@staunovo#Japan refiners run at two-thirds capacity, awaiting crude from outside the Gulf #oott