Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Stabilization of oil prices Japan
Economy

Stabilization of oil prices: a solution from the Japanese authorities

11.06.2022
2 min read

How the leading states stabilize oil prices

The Japanese government has decided to sell part of its raw material reserves. According to the authorities, this will stabilize oil prices. The volume of the sale has not yet been disclosed, but the media are talking about a figure of 4.2 million barrels.
A similar decision on the sale of oil from state reserves was previously taken by the U.S. government. It is known that the countries are actively cooperating to restore the global market and are taking steps to stabilize it. Japan said that management of the situation with raw materials is a very important step for the economy and accelerates its recovery. In addition to selling part of its reserves, the authorities also plan to carry out a number of other activities both domestically and internationally. For example, Tokyo intends to call the world’s major producers to introduce measures to curb commodity prices.
After the statement of the government, the cost of oil in the capital stock exchange reached a maximum of the last 2 weeks. In addition, a number of Japanese experts are considering selling 30 million barrels of oil, which will be taken from the reserves of private companies in the country. However, such volume of sales runs counter to provisions of the law. The fact is that according to official documents Japan may sell strategic reserves only if there is an acute shortage of raw materials in the state or in case of natural disasters. And these points are spelled out in the legislation very clearly, which excludes the possibility of changing their interpretation.Stabilization of oil pricesAt the end of last year, the President of the USA announced about selling 50 million barrels of oil. The Biden administration explained this decision by the desire to reduce the cost of fuel for the population, as well as to regulate the supply-demand ratio on the market. Initially, 32 million barrels will be taken from the reserve, and later the rest 18 million barrels. Not only Japan has followed the example of the White House. Great Britain, South Korea, India, and China are also planning to review strategic oil reserves. Indian authorities are already consulting with American and Japanese colleagues on this issue choosing the best option for selling the raw materials. So far it is a question of selling 5 million barrels, the total reserves of the country are estimated at 39 million barrels.
The British government has already authorized local companies to extract about 1.5 million barrels of raw materials from reserves. Moreover, such an initiative is carried out on a voluntary basis, and companies are not obliged to reduce their reserves. The countries, which decided to sell oil, note that their actions will strengthen the global economy in a difficult period for it, as well as stabilize prices on the energy market.

Tags: Economy
0
Previous Post Anne Scheiber: the woman who retired and became an investor Next Post Swiss financial regulator allows cryptocurrency fund activity

You Might Also Like

damages to the United States
Economy
What damage has been caused by the pandemic in the USA in 2020: figures from analysts
26.06.2021
The United States has hit
Economy
U.S. has hit China’s technology sector
21.07.2021
New home sales in the U.S.-1
Economy
New home sales in the U.S. are falling: the reasons for the decline
01.07.2022
Chinese authorities
Economy
The Chinese authorities decided to reduce duties for the U.S.
29.10.2020
South Korea
Economy
South Korea wants MSCI status as a developed economy
16.04.2023
new gas field
Economy
A new gas field has been discovered near Turkey: details
22.05.2021

Recent Posts

  • 1Mary Erdoes
    Mary Erdoes: the most powerful woman on Wall Street
    02.06.2023
  • 2Pilatus Aircraft
    Pilatus Aircraft: the history of the Swiss aircraft manufacturer
    01.06.2023
  • 3investment triangle to select a particular asset
    Investment triangle: how to choose the best asset for investment
    31.05.2023
  • 4Nissan and Renault
    Nissan and Renault invest $600 million in a joint venture
    30.05.2023
  • 5Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • The Nasdaq Stock Exchange is creating its platform on a block list

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

inflation in the UK
Inflation in the UK will decline: analysts’ forecasts
03.06.2023
Mary Erdoes
Mary Erdoes: the most powerful woman on Wall Street
02.06.2023
Pilatus Aircraft
Pilatus Aircraft: the history of the Swiss aircraft manufacturer
01.06.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • The Nasdaq Stock Exchange is creating its platform on a block list
  • Analysts: how oil and gas budget revenues are formed
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics