Japan to release 7.5 mil barrels oil from private reserves in IEA’s joint efforts: minister

Japan expects to release 7.5 million barrels of oil from privately held reserves, as part of its contribution to the International Energy Agency’s coordinated release of a total 60 million barrels of oil to calm crude oil prices rattled by Russia’s military invasion of Ukraine, Minister of Economy, Trade and Industry Koichi Hagiuda said March 4. “Regarding the IEA’s 60…