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Japan to hold auction on 8 April to sell oil from reserve

Japan to hold auction on 8 April to sell oil from reserve

News
Justin Low
16/03/2022 | 04:44 GMT
  • Roughly 1.89 million barrels, or 300k kilolitres, of oil will be auctioned

At present, this is barely below half of Japan's daily oil consumption. In other words, it doesn't really matter.

The supply will be made available to the winning bidders from 20 May, for what it's worth.

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