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    Home > Chemicals Industry > Petrochemical News > Japan's energy prices rose the most in 41 years, or again released crude oil reserves

    Japan's energy prices rose the most in 41 years, or again released crude oil reserves

    • Last Update: 2023-03-10
    • Source: Internet
    • Author: User
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    Japan's energy prices rose the most in 41 years, or once again released crude oil reserves;

    (1) According to Japanese officials, Japan's energy prices have risen by 17.
    9% year-on-year, the largest year-on-year increase since January 1981
    .
    In order to stabilize the confidence of the
    Japanese people.
    Today, Japan's finance minister also stated that the government is taking measures to curb energy prices, and the Japanese prime minister cannot sit still, saying that he will take measures in response to high oil prices;

    (2) However, a few days ago, after the United States claimed to release about 50 million barrels of crude oil reserves, Japan had already announced on February 16 that it would sell national reserves of crude oil again, this time selling about 1.
    64 million barrels of crude oil, and provided the winning crude oil supply from April 20.
    According to reports, in addition to releasing crude oil reserves, Japan has also carried out some measures to cope with the rise in crude oil prices, such as restarting seabed oil and gas exploration after 30 years, and replenishing refining suppliers;

    (3) According to sources, Japan's Liberal Democratic Party is calling for an increase in oil subsidies, but Japan has been subsidizing domestic refiners since January 27, and then increased the subsidy amount to 50 yen per liter, which has reached the
    upper limit.
    All signs indicate that Japan is about to lose sight of rising oil prices
    .
    In response to rising crude oil prices, in addition to releasing crude oil reserves, Japan has restarted seabed oil and gas exploration and replenishment suppliers after 30 years, what measures will Japan take to curb energy prices?

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