Japan to hold auction on June 10 to sell 4.72 million barrels of oil from national reserve
Asia
Wed, May 18, 2022 07:32 AM
Japan's industry ministry said on Wednesday it will hold an auction on June 10 to sell 750,000 kilolitres, or 4.72 million barrels, of oil from its national reserve in a release coordinated by the International Energy Agency to cool prices.The supply will become available to the winning bidders on July 20 or later, it said in a statement.