Japan Finance Minister Katayama says G7 Finance Ministers would push relevant ministers to release emergency oil reserves; agreed that we will closely monitor energy markets and take necessary action

• The G7 joint statement will mention specific steps, including the release of oil reserves.
• Will hold the energy ministers meeting soon, when asked about specific process of oil reserves release.

Japan's Finance Minister Katayama indicates that G7 Finance Ministers are preparing to release emergency oil reserves, aiming to stabilize energy markets amid rising concerns. This proactive stance suggests potential supply adjustments, which could lead to short-term price pressure on oil. Monitoring the developments from the G7 discussions will be crucial for assessing how these actions might influence markets and investor sentiment going forward.