VOL. XXXIV

NO. 11

17-DECEMBER-1990

Supply/Demand

US Energy Department Says Japan Stockpiling Oil; Japan Denies Allegation

The Deputy Undersecretary for Policy and Planning at the US Department ofEnergy, Ms. Linda Stuntz, accused the Japanese on 6 December of stockpilingcrude oil since the start of the Gulf crisis in August. Ms. Stuntz said thatdespite an agreement among consumer nations that stocks would be drawn down toease supply problems, the Japanese had continued to import crude oil at high...