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Japan says it has no plans for further crude releases from national reserves, even as the G7 launches a 100-million-barrel coordinated stock release.
Islam Times - Japanese Chief Cabinet Secretary Minoru Kihara said Monday that Japan had no plans to make a fresh release of crude oil from its national reserves after already drawing on its stockpiles.
Japan will not tap additional oil reserves despite the G7 agreeing to a coordinated 100-million-barrel drawdown to address surging diesel prices, Prime Minister Sanae Takaichi said.