Japan will release another part of its strategic oil reserves from Thursday, Prime Minister Sanae Takaichi said Tuesday, and will tap into joint stockpiles held by producing nations in the country by the end of the month.
“In order to secure ‘the necessary amount for the whole of Japan’… we will release the state (oil) reserve from 26th March,” she said in a post on X.
Meanwhile, the Philippines will try to boost the output of its coal-fired power plants to keep electricity costs down as the Middle East war wreaks havoc with gas shipments, its energy secretary said. (AFP)
