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Crude oil price rise “Securing supply volume such as stockpile if necessary” Susumu Sugawara | NHK News

2019-09-16T09:38:26.215Z

In response to the rise in international oil prices caused by attacks on oil-related facilities in Saudi Arabia, the Minister of Economy, Trade and Industry of Sakakibara spoke ...


Crude oil price rise "Securing supply volume such as stockpile if necessary" Sakaki Sugawara Minister of Economy, September 16 18:34

In response to the rise in international oil prices resulting from attacks on oil-related facilities in Saudi Arabia, the Minister of Economy, Trade and Industry of Sugawara announced a discourse.

Mr. Sugawara stressed that “Japan has enough oil reserves for more than 230 days of domestic consumption” and stressed that there will be no obstacle to domestic oil supply for the time being. On that basis, “The amount of supply required through IEA = International Energy Agency and related countries, and if necessary, through coordinated release of stockpiles, paying close attention to the impact on the stable supply of oil to Japan and the trends in the oil market. Will be firmly secured. "

Source: nhk

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