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Japan Holds Strategic Oil Reserves, Boosts Alternative Imports

5/13/2026

50 8 Full Breakdown

Summary

Story summary

Prime Minister Sanae Takaichi announced that Japan will not release additional strategic oil reserves in June.
She said over 70% of June crude will come from non-Middle-East sources such as Africa, the United States, Latin America and Central Asia.
She told Minister Ryosei Akazawa to raise the share of alternative-source oil in July.
The government will start accepting requests on Monday to release 5,000 stockpiled medical gloves.

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Story summary

Prime Minister Sanae Takaichi announced that Japan will not release additional strategic oil reserves in June.
She said over 70% of June crude will come from non-Middle-East sources such as Africa, the United States, Latin America and Central Asia.
She told Minister Ryosei Akazawa to raise the share of alternative-source oil in July.
The government will start accepting requests on Monday to release 5,000 stockpiled medical gloves.