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ReportedShipping, energy & marketsTokyo, Japan

Japan urges Asian countries to expand oil reserves

Mountain Time
Local time
5:15 PM in Tokyo
Where
Tokyo, Japan

Japanese trade minister Ryosei Akazawa urged Asian countries to increase strategic oil stockpiles and strengthen cooperation with Middle Eastern producers, citing supply-security concerns. He said Japan would seek to act as a bridge between producers and Asian importers.

Why it matters

Additional stockpiling and coordinated reserve planning could shape how Asian importers respond to a sustained Middle East supply disruption.

Source

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels