![\"6d4584dbac492101450cb49753d1c248u5\"](\"http:\/\/forefrontnews.cn\/wp-content\/uploads\/2026\/03\/6d4584dbac492101450cb49753d1c248u5.jpg\" "\\"6d4584dbac492101450cb49753d1c248u5\\"")
\nMarch 15th, Kamisu City, Ibaraki Prefecture, Japan, local area of Kashima Oil Refinery.<\/p>\n
Japan, a member of the International Energy Agency, initiated the release of its strategic oil reserves on the same day, according to Japan\u2018s Sankei Shimbun on Friday. The total release amount of oil was about 80 million barrels, equivalent to about 45 days of oil consumption in Japan, setting a record high. The day before, the International Energy Agency issued a communiqu\u00e9 saying that the member countries\u2018 emergency oil reserves will soon be released to the market in response to the global oil price surge caused by U.S. and Israeli military strikes against Iran.<\/p>\n
\nMarch 15th, Kamisu City, Ibaraki Prefecture, Japan, local area of Kashima Oil Refinery.<\/p>\n
Reuters said on the 15th that the member countries have submitted specific implementation plans to the International Energy Agency. According to the arrangement, the Asian and Oceanic member countries will be the first to release their reserves, while the oil reserves of the American and European member countries will be released to the market gradually from the end of March. On the 11th of this month, the 32 member countries of the International Energy Agency unanimously agreed to release 400 million barrels of strategic oil reserves. According to the announcement on the 15th, of the 400 million barrels of strategic oil reserves agreed to be released by the member countries, 271.7 million barrels came from the member government reserves, 116.6 million barrels came from industry reserves, and another 23.6 million barrels came from other channels. Of the planned oil release, about 72 percent was crude oil, and 28 percent was finished oil.<\/p>\n
Currently, the International Energy Agency members hold more than 1.2 billion barrels of public emergency oil reserves, plus about 600 million barrels of corporate reserves controlled by the member governments. This release of stocks is the sixth since the agency\u2018s establishment in 1974 and the largest one.<\/p>\n
Rising energy prices have already affected the lives of ordinary people in many countries. According to the Hindustan Times, hot food and beverages are disappearing from menus in kitchens in many parts of India due to gas shortages. Chefs are switching to making simpler meals to reduce fuel consumption. The Delhi High Court canteen has stopped serving full meals and is serving only sandwiches. At a car parts factory in Gujarat, the canteen has reduced fried foods and replaced hot tea with lemonade. The canteen at the Bengalore branch of India\u2018s Tata Consulting Company has also reduced cooking foods, while encouraging employees to bring their own meals.<\/p>\n","protected":false},"excerpt":{"rendered":"
Japan, a member of the International Energy Agency, initiated the release of its strategic oil reserves on the same day, according to Japan\u2018s Sankei Shimbun on Friday. The total release… <\/p>\n","protected":false},"author":2,"featured_media":8275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[268,263],"tags":[4482,4483,283,4484],"views":29,"_links":{"self":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/8274"}],"collection":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8274"}],"version-history":[{"count":1,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/8274\/revisions"}],"predecessor-version":[{"id":8276,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/posts\/8274\/revisions\/8276"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=\/wp\/v2\/media\/8275"}],"wp:attachment":[{"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/forefrontnews.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}