IEA’s largest ever reserve release plan is ready to launch! Germany joins the coordinated effort, Japan jumps ahead and decides, with individual reserve release as early as next Monday.

March 11, according to NHK reports, Japanese Prime Minister Sanae Takaichi stated on Wednesday that Japan will independently release its strategic oil reserves to cope with the impact of the war in the Middle East. The release may begin as early as next week, on March 16 (Monday). On the same day, the German Minister for Economic Affairs said that the International Energy Agency (IEA) has asked member countries to release 400 million barrels of oil reserves. Germany will participate, but the specifics remain unclear. In response to rising domestic oil prices, the German government is also discussing further countermeasures, planning to limit gas station price increases to once per day, and intends to implement stricter supervision of competition between gas stations. So far, the authorities have not given a specific timetable for the release of reserves and price limitation measures. According to a previous article from Wallstreetcn, citing The Wall Street Journal and informed officials, the planned release scale of up to 400 million barrels is more than twice the IEA’s largest previous intervention—the release of 182 million barrels after the 2022 Russia-Ukraine conflict. According to Bloomberg, citing informed sources, the planned release scale is 300 to 400 million barrels, accounting for about 25% to 30% of the IEA member countries’ total reserve of 1.2 billion barrels. IEA member countries are expected to make a decision on the proposal on Wednesday (March 11). According to procedural rules, if no member opposes, the plan will take effect automatically, but any objection from any country could cause a delay. More content continuously updating... Risk Warning and Disclaimer The market involves risks, and investment requires caution. This article does not constitute personal investment advice and has not considered the specific investment goals, financial situations, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article suit their particular circumstances. Invest accordingly at your own risk.