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Joined: Feb 2001
Posts: 381,904
Launch Director
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Launch Director
Joined: Feb 2001
Posts: 381,904 |
Japan is releasing significant portions of its oil reserves to stabilize energy markets amidst escalating Middle East tensions. This strategic move, involving both private and state holdings, aims to counter supply concerns and calm global prices. The decision aligns with calls from the International Energy Agency for coordinated action among major economies to mitigate potential shipping disruptions. Source: Japan announces release of strategic oil reserves as Middle East tensions push prices up
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