Japan to speed oil reserve release by skipping bidding for distributors
Energy
Private stockpile being tapped to fill gap before drawdown of national reserves
Japan stores its national oil reserves at sites distributed throughout the country. © Kyodo
TOKYO — Japan is set to start distributing oil reserves from the private sector as early as Monday, with national stocks expected to follow between late March and early April, using negotiated contracts rather than bidding to streamline the process.
