Japan to Release Over 36 Mln Barrels of Crude Oil Reserves -- OPIS

Dow Jones04-24 16:32

Japan will release its second batch of national crude oil reserves -- amounting to 5.8 million kiloliters or around 36.48 million bbl -- starting May 1, the Ministry of Economy, Trade and Industry said on Friday.

The barrels are estimated to be worth around JPY 540 billion ($3.38 billion).

The oil will be released to Japanese refiners Eneos, Idemitsu Kosan, Cosmo Oil and Taiyo Oil from 10 storage bases across the country.

At the same time, Japan has started to procure crude oil through routes that do not require passage through the Strait of Hormuz. Vessel transits through the strait have been severely disrupted since the start of the current Iran conflict.

Japan is due to receive around 9.2 million bbl of U.S. crude oil in May, according to Kpler data.

In February, prior to the current Middle East conflict, the country imported 74.15 million bbl of crude oil, data from the Joint Organizations Data Initiative shows.

Japan said in March that it would release approximately one month's worth of national crude oil reserves, equivalent to 53.46 million bbl and valued at around JPY 540 billion.

The ministry said it has secured enough oil supply to last beyond the end of 2026.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Thomas Cho, tcho@opisnet.com; Editing by Mei-Hwen Wong, mwong@opisnet.com

(END) Dow Jones Newswires

April 24, 2026 04:32 ET (08:32 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2629816485?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-24 16:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2629816485","market":"fut","top_or_hot":-1,"title":"Japan to Release Over 36 Mln Barrels of Crude Oil Reserves -- OPIS","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Japan will release its second batch of national crude oil reserves -- amounting to 5.8 million kiloliters or around 36.48 million bbl -- starting May 1, the Ministry of Economy, Trade and Industry said on Friday. \n</p>\n<p>\n  The barrels are estimated to be worth around JPY 540 billion ($3.38 billion). \n</p>\n<p>\n  The oil will be released to Japanese refiners Eneos, <a href=\"https://laohu8.com/S/IDKOF\">Idemitsu Kosan</a>, Cosmo Oil and Taiyo Oil from 10 storage bases across the country. \n</p>\n<p>\n  At the same time, Japan has started to procure crude oil through routes that do not require passage through the Strait of Hormuz. Vessel transits through the strait have been severely disrupted since the start of the current Iran conflict. \n</p>\n<p>\n  Japan is due to receive around 9.2 million bbl of U.S. crude oil in May, according to Kpler data. \n</p>\n<p>\n  In February, prior to the current Middle East conflict, the country imported 74.15 million bbl of crude oil, data from the Joint Organizations Data Initiative shows. \n</p>\n<p>\n  Japan said in March that it would release approximately one month's worth of national crude oil reserves, equivalent to 53.46 million bbl and valued at around JPY 540 billion. \n</p>\n<p>\n  The ministry said it has secured enough oil supply to last beyond the end of 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  This content was created by Oil Price Information Service, which is operated by Dow Jones &amp; Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  --Reporting by Thomas Cho, tcho@opisnet.com; Editing by Mei-Hwen Wong, mwong@opisnet.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2026 04:32 ET (08:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Japan to Release Over 36 Mln Barrels of Crude Oil Reserves -- OPIS</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJapan to Release Over 36 Mln Barrels of Crude Oil Reserves -- OPIS\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-24 16:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Japan will release its second batch of national crude oil reserves -- amounting to 5.8 million kiloliters or around 36.48 million bbl -- starting May 1, the Ministry of Economy, Trade and Industry said on Friday. \n</p>\n<p>\n  The barrels are estimated to be worth around JPY 540 billion ($3.38 billion). \n</p>\n<p>\n  The oil will be released to Japanese refiners Eneos, <a href=\"https://laohu8.com/S/IDKOF\">Idemitsu Kosan</a>, Cosmo Oil and Taiyo Oil from 10 storage bases across the country. \n</p>\n<p>\n  At the same time, Japan has started to procure crude oil through routes that do not require passage through the Strait of Hormuz. Vessel transits through the strait have been severely disrupted since the start of the current Iran conflict. \n</p>\n<p>\n  Japan is due to receive around 9.2 million bbl of U.S. crude oil in May, according to Kpler data. \n</p>\n<p>\n  In February, prior to the current Middle East conflict, the country imported 74.15 million bbl of crude oil, data from the Joint Organizations Data Initiative shows. \n</p>\n<p>\n  Japan said in March that it would release approximately one month's worth of national crude oil reserves, equivalent to 53.46 million bbl and valued at around JPY 540 billion. \n</p>\n<p>\n  The ministry said it has secured enough oil supply to last beyond the end of 2026. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  This content was created by Oil Price Information Service, which is operated by Dow Jones &amp; Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  --Reporting by Thomas Cho, tcho@opisnet.com; Editing by Mei-Hwen Wong, mwong@opisnet.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 24, 2026 04:32 ET (08:32 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XLE","symbol_name":"SPDR能源指数ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2629816485","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2629816485","pubTimestamp":1777019520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Japan will release its second batch of national crude oil reserves -- amounting to 5.8 million kiloliters or around 36.48 million bbl -- starting May 1, the Ministry of Economy, Trade and Industry said on Friday.The barrels are estimated to be worth around JPY 540 billion .The oil will be released to Japanese refiners Eneos, Idemitsu Kosan, Cosmo Oil and Taiyo Oil from 10 storage bases across the country.At the same time, Japan has started to procure crude oil through routes that do not require passage through the Strait of Hormuz. Vessel transits through the strait have been severely disrupted since the start of the current Iran conflict.Japan is due to receive around 9.2 million bbl of U.S. crude oil in May, according to Kpler data.In February, prior to the current Middle East conflict, the country imported 74.15 million bbl of crude oil, data from the Joint Organizations Data Initiative shows.Japan said in March that it would release approximately one month's worth of national crude","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XLE":"SPDR能源指数ETF","OIH":"石油服务ETF","PXJ":"Invesco Oil & Gas Services ETF","DBO":"原油ETF-PowerShares","DIG":"二倍做多美国油气指数","BK4570":"地缘局势概念股","DBC":"商品指数ETF-PowerShares DB","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","DBE":"能源商品ETF-PowerShares","VDE":"Vanguard Energy ETF","XOP":"油气开采指数ETF-SPDR S&P","BK4585":"ETF&股票定投概念","OILK":"ProShares K-1 Free Crude Oil ETF","IEO":"iShares Dow Jones U.S. Oil & Gas","OILT":"Texas Oil Index ETF","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","USO":"美国原油ETF","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","ERX":"二倍做多能源ETF-Direxion","USOI":"ETRACS Crude Oil Shares Covered Call ETN","IXC":"全球能源业ETF-iShares","USE":"USCF Energy Commodity Strategy Absolute Return Fund","USL":"United States 12 Month Oil Fund LP","UGA":"United States Gasoline Fund LP","DRLL":"Strive U.S. Energy ETF","BK4588":"碎股","UCO":"二倍做多彭博原油ETF","SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BWET":"BREAKWAVE TANKER SHIPPING ETF","BNO":"美国布伦特原油基金有限合伙企业"},"translate_title":"日本将释放超过3600万桶原油储备——OPIS","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/ec94bfe8cbb9f7e2b3d16000593ec073","symbols_score_info":{"IEO":0.9,"BNO":0.9,"IXC":0.9,"SCO":0.6,"GUSH":0.9,"OILU":0.9,"DBO":0.9,"ERX":0.9,"USL":0.9,"DUG":0.9,"USO":0.9,"USOI":0.9,"XLE":0.9,"BWET":0.9,"OILK":0.9,"UGA":0.9,"DRLL":0.9,"OIH":0.9,"OILT":0.9,"DBE":0.9,"PXJ":0.9,"DIG":0.9,"DRIP":0.9,"USE":0.9,"VDE":0.9,"DBC":0.9,"UCO":0.6,"XOP":0.9},"content_text":"Japan will release its second batch of national crude oil reserves -- amounting to 5.8 million kiloliters or around 36.48 million bbl -- starting May 1, the Ministry of Economy, Trade and Industry said on Friday. \n\n\n  The barrels are estimated to be worth around JPY 540 billion ($3.38 billion). \n\n\n  The oil will be released to Japanese refiners Eneos, Idemitsu Kosan, Cosmo Oil and Taiyo Oil from 10 storage bases across the country. \n\n\n  At the same time, Japan has started to procure crude oil through routes that do not require passage through the Strait of Hormuz. Vessel transits through the strait have been severely disrupted since the start of the current Iran conflict. \n\n\n  Japan is due to receive around 9.2 million bbl of U.S. crude oil in May, according to Kpler data. \n\n\n  In February, prior to the current Middle East conflict, the country imported 74.15 million bbl of crude oil, data from the Joint Organizations Data Initiative shows. \n\n\n  Japan said in March that it would release approximately one month's worth of national crude oil reserves, equivalent to 53.46 million bbl and valued at around JPY 540 billion. \n\n\n  The ministry said it has secured enough oil supply to last beyond the end of 2026. \n\n\n \n\n\n  This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  --Reporting by Thomas Cho, tcho@opisnet.com; Editing by Mei-Hwen Wong, mwong@opisnet.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 24, 2026 04:32 ET (08:32 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629816485","isCrawlerRequest":true}