Japan to sell additional 1.64 mil barrels Khafji, Hout crude from national oil reserves

Japan plans to sell an additional 260,000 kiloliters, or 1.64 million barrels, of Khafji and Hout crude oil from its national reserves via public tenders in March, Ministry of Economy, Trade and Industry said Feb. 16. This is the latest in Japan’s joint efforts with the US and other countries to stabilize oil prices. In tenders scheduled to take place…