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06/01/2025
Japanese Prime Minister Kishida confirms his government is considering an oil reserve release. Japan PM Kishida over the...
11/21/2021

Japanese Prime Minister Kishida confirms his government is considering an oil reserve release.

Japan PM Kishida over the weekend:
We're proceeding with consideration as to what we can do legally on the premise that Japan will coordinate with the United States and other countries concerned.

More on Biden raising the issue of oil reserve release with Japan and China. US President Biden is mulling releasing reserves from the US' Strategic Petroleum Reserve (SPR). And his administration has approached China and Japan to release from theirs.

This all comes as gasoline prices skyrocket and US pleas to OPEC+ to further boost oil output falls on deaf ears.

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