Middle East Economic Survey

VOL. LIV

No 13

28-Mar-2011

Japan Releases More Crude Stocks, ESAI Sees Products Shortage Through 2011

As Japanese technicians continue to work to make safe the damaged Fukushima Daiichi nuclear reactor, options are being exercised to meet energy supply demand. The Ministry of Economy, Trade and Industry (METI) announced on 22 March that it will authorize the release of an additional 22 days (58.1mn barrels) of crude oil from commercial stocks, the second following...