Japan will release the second batch of its strategic oil reserves in phases starting May 1, involving 5.8 million kiloliters of crude oil, equivalent to 20 days of national consumption and valued at approximately JPY540 billion. Japan previously released oil reserves in March, with the first round involving 8.5 million kiloliters, equivalent to about one month of consumption. (mn/da)Related NewsReport: Bezos-Founded AI Startup Project Prometheus Nears USD10B Funding Round
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