Japan asks UAE to ramp up oil supplies as Ukraine crisis boosts prices
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Japanese Foreign Minister Yoshimasa Hayashi called on the United Arab Emirates on Monday to ramp up oil supplies to address a surge in oil prices stemming from the Russian invasion of Ukraine in a meeting with his UAE counterpart. During the talks in Abu Dhabi, Hayashi told Sheikh Abdullah bin Zayed Al Nahyan that Japan is concerned by a recent spike in the oil market and hopes the UEA will play a role in stabilizing the market, the Japanese Foreign Ministry said. "We are hoping for more crude oil supplies and contribution to market stabilization by ensuring production capacity," Hayashi told ...