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Japan will hold an auction on June 10 to sell 750,000 kl of oil from the national reserve

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TOKYO – Japan’s Ministry of Industry said on Wednesday it will hold an auction on June 10 to sell 750,000 kiloliters or 4.72 million barrels of oil from its national reserve in a release coordinated by the International Energy Agency to lower prices .

The offer will be available to the winning bidders on July 20 or later, it said in a statement. (Reporting by Yuka Obayashi; editing by Tom Hogue)


This post Japan will hold an auction on June 10 to sell 750,000 kl of oil from the national reserve was original published at “https://financialpost.com/pmn/business-pmn/japan-to-hold-auction-on-june-10-to-sell-750000-kl-of-oil-from-national-reserve”

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