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Japan's Government to Release Oil Reserves Starting from the 16th, Scale of Approximately 80 Million Barrels
People’s Financial News, March 16 — The Japanese government will release oil reserves starting March 16 to ease rising oil prices caused by tensions in the Middle East. The total release will be about 80 million barrels, enough to meet Japan’s oil needs for 45 days, marking the largest release since the establishment of the national oil reserve system in 1978. (Xinhua News Agency)