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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to dip into petroleum reserves amid Middle East crisis

Photo taken from a Kyodo News helicopter on March 12, 2026, shows Japan's national petroleum stockpiling base in Kitakyushu in Fukuoka Prefecture, southwestern Japan. The government plans to release part of the reserves in response to surging petroleum prices amid the Middle East crisis.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

E

Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

E

Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release 15 days' worth of reserves held by the private sector and then one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

E

Japan to release government-held oil reserves

Prime Minister Sanae Takaichi meets the press at her official residence in Tokyo on March 11, 2026, announcing that Japan would release one month's worth of government-held oil in response to surging crude oil prices triggered by the ongoing conflict in the Middle East. The announcement was made hours before International Energy Agency member countries unanimously agreed on the largest-ever oil stockpile release.

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Japan Finance Minister Katayama meets press after G7 talks

Japanese Finance Minister Satsuki Katayama speaks at a press conference at the Finance Ministry on March 9, 2026, after an online meeting of Group of Seven finance ministers. The ministers discussed a possible coordinated release of oil reserves amid the U.S.-Israeli war with Iran.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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China Crude Oil Reserves

YANTAI, CHINA - NOVEMBER 14, 2025 - Various oil storage facilities in Longkou Port Area, Yantai City, Shandong Province, China on November 14, 2025.

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Rice Harvest - Indonesia

A farmer holds harvested rice in Sanggung village, Sukoharjo regency, Central Java Province, Indonesia, on July 21, 2025. Indonesia has recorded a 48 percent increase in rice production, with government rice reserves reaching 4.2 million tons, according to President Prabowo Subianto. Photo by Bram Selo/Xinhua/ABACAPRESS.COM

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Rice Harvest - Indonesia

A farmer packs harvested rice in Sanggung village, Sukoharjo regency, Central Java Province, Indonesia, on July 21, 2025. Indonesia has recorded a 48 percent increase in rice production, with government rice reserves reaching 4.2 million tons, according to President Prabowo Subianto. Photo by Bram Selo/Xinhua/ABACAPRESS.COM

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Rice Harvest - Indonesia

Farmers harvest rice in Sanggung village, Sukoharjo regency, Central Java Province, Indonesia, on July 21, 2025. Indonesia has recorded a 48 percent increase in rice production, with government rice reserves reaching 4.2 million tons, according to President Prabowo Subianto. Photo by Bram Selo/Xinhua/ABACAPRESS.COM

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Rice Harvest - Indonesia

Farmers carry harvested rice in Sanggung village, Sukoharjo regency, Central Java Province, Indonesia, on July 21, 2025. Indonesia has recorded a 48 percent increase in rice production, with government rice reserves reaching 4.2 million tons, according to President Prabowo Subianto. Photo by Bram Selo/Xinhua/ABACAPRESS.COM

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China Oil And Gas Reserves

YANTAI, CHINA - JUNE 17, 2025 - Oil tankers gathered at the oil and gas reserve tank farm of Longkou Port Area, Yantai Port in Yantai City, Shandong Province, China on June 17, 2025.

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China Oil And Gas Reserves

YANTAI, CHINA - JUNE 17, 2025 - Oil and gas storage tank farm of Longkou Port Area in Yantai Port, Yantai City, Shandong Province, China on June 17, 2025.

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China Oil And Gas Reserves

YANTAI, CHINA - JUNE 17, 2025 - Oil and gas storage tank farm of Longkou Port Area in Yantai Port, Yantai City, Shandong Province, China on June 17, 2025.

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China Oil And Gas Reserves

YANTAI, CHINA - JUNE 17, 2025 - Oil tankers gathered at the oil and gas reserve tank farm of Longkou Port Area, Yantai Port in Yantai City, Shandong Province, China on June 17, 2025.

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China Oil And Gas Reserves

YANTAI, CHINA - JUNE 17, 2025 - Oil and gas storage tank farm of Longkou Port Area in Yantai Port, Yantai City, Shandong Province, China on June 17, 2025.

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Illustration - Loire Valley

FRANCE - LOIRE VALLEY - LOIR ET CHER (41) - CASTLE OF CHAMBORD : TRONE ROOM OF CHAMBORD. THE ELEMENTS THAT MAKE UP THIS ROOM WERE KEPT IN THE CASTLE'S RESERVES AND WERE PUT BACK IN PLACE IN 2013 ACCORDING TO THE OLD PHOTOGRAPHS. THE THRONE OF COUNT CLAUDE HENRY DE CHAMBORD IS GILDED WOOD AND VELVET EMBROIDERED WITH GOLD THREADS. Photo by Stephane Compoint/Only France/ABACAPRESS.COM

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KILL (:Signage-General:)

Please KILL caption headlined "Gov't releasing rice reserves." This photo is not for sale. ==Kyodo

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Japan's rice reserves

Bags containing Japanese government's emergency rice reserves are brought to a rice mill in Saitama Prefecture on March 18, 2025. The government started releasing rice from its stockpile the same day amid soaring prices.

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Japan's rice reserves

Bags containing Japanese government's emergency rice reserves are brought to a rice mill in Saitama Prefecture on March 18, 2025. The government started releasing rice from its stockpile the same day amid soaring prices.

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Japan's rice reserves

Bags containing Japanese government's emergency rice reserves are brought to a rice mill in Saitama Prefecture on March 18, 2025. The government started releasing rice from its stockpile the same day amid soaring prices.

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Japan's rice reserves

The Japanese government's emergency rice reserves are pictured in Saitama Prefecture on March 18, 2025, as the government begins releasing rice from its stockpile the same day amid soaring prices.

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Japan's rice reserves

The Japanese government's emergency rice reserves are pictured in Saitama Prefecture on March 18, 2025, as the government begins releasing rice from its stockpile the same day amid soaring prices.

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Japan's rice reserves

The Japanese government's emergency rice reserves are pictured in Saitama Prefecture on March 18, 2025, as the government begins releasing rice from its stockpile the same day amid soaring prices.

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Japan's rice reserves

Bags containing the Japanese government's stockpiled rice are taken out from a warehouse in Saitama Prefecture, eastern Japan, on March 18, 2025. The government started releasing rice from the stockpile amid soaring prices of the Japanese staple.

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Japan's rice reserves

Bags containing the Japanese government's stockpiled rice are taken out from a warehouse in Saitama Prefecture, eastern Japan, on March 18, 2025. The government started releasing rice from the stockpile amid soaring prices of the Japanese staple.

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Japan's rice reserves

Photo shows Japanese government's rice stockpile at a warehouse in Saitama Prefecture, eastern Japan, on March 18, 2025.

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Japan's rice reserves

File photo taken on April 17, 2024, show the Japanese government's rice stockpile at a storage center in Fukushima Prefecture. The government said on Feb. 14, 2025, that it will release up to 210,000 tons of its stockpiled rice in a bid to ensure smooth distribution of the Japanese staple amid soaring prices.

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Japan's rice reserves

File photo taken on April 17, 2024, show the Japanese government's rice stockpile at a storage center in Fukushima Prefecture. The government said on Feb. 14, 2025, that it will release up to 210,000 tons of its stockpiled rice in a bid to ensure smooth distribution of the Japanese staple amid soaring prices.

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Japan's rice reserves

File photo taken on April 17, 2024, show the Japanese government's rice stockpile at a storage center in Fukushima Prefecture. The government said on Feb. 14, 2025, that it will release up to 210,000 tons of its stockpiled rice in a bid to ensure smooth distribution of the Japanese staple amid soaring prices.

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Japan's rice reserves

File photo taken on April 17, 2024, show the Japanese government's rice stockpile at a storage center in Fukushima Prefecture. The government said on Feb. 14, 2025, that it will release up to 210,000 tons of its stockpiled rice in a bid to ensure smooth distribution of the Japanese staple amid soaring prices.

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Japan's rice reserves

File photo taken on April 17, 2024, show the Japanese government's rice stockpile at a storage center in Fukushima Prefecture. The government said on Feb. 14, 2025, that it will release up to 210,000 tons of its stockpiled rice in a bid to ensure smooth distribution of the Japanese staple amid soaring prices.

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Japan's rice reserves

File photo taken on April 17, 2024, show the Japanese government's rice stockpile at a storage center in Fukushima Prefecture. The government said on Feb. 14, 2025, that it will release up to 210,000 tons of its stockpiled rice in a bid to ensure smooth distribution of the Japanese staple amid soaring prices.

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China Gold Reserves Grow

A view shows the Daingezhuang gold mine tunnel of Zhaojin Mining Co., Ltd. in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

A view shows the Daingezhuang gold mine tunnel of Zhaojin Mining Co., Ltd. in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

Safety inspectors walk in a tunnel at Zhaojin Mining Co LTD's Dayingezhuang gold mine in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

A view shows the Daingezhuang gold mine tunnel of Zhaojin Mining Co., Ltd. in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

Safety inspectors walk in a tunnel at Zhaojin Mining Co LTD's Dayingezhuang gold mine in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

A view shows the Daingezhuang gold mine tunnel of Zhaojin Mining Co., Ltd. in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

Safety inspectors walk in a tunnel at Zhaojin Mining Co LTD's Dayingezhuang gold mine in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

A view shows the Daingezhuang gold mine tunnel of Zhaojin Mining Co., Ltd. in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

Safety inspectors walk in a tunnel at Zhaojin Mining Co LTD's Dayingezhuang gold mine in Zhaoyuan, Shandong province, China, November 9, 2024.

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China Gold Reserves Grow

A view shows the Daingezhuang gold mine tunnel of Zhaojin Mining Co., Ltd. in Zhaoyuan, Shandong province, China, November 9, 2024.