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Saudi Arabia will help stabilise international crude oil market, Crown Prince tells Japanese PM

Saudi Arabia will help stabilise international crude oil market, Crown Prince tells Japanese PM
A written summary of the phone conversation between the leaders showed the Japanese PM state Tokyo would like to work with Saudi Arabia towards oil market stabilisation.
1 min read
03 February, 2022
The Japanese prime ministerÌýalso told the Crown Prince that Tokyo intended to support the kingdom's industrial diversification [Getty]

's Crown Prince told Japanese Prime Minister Fumio Kishida in a phone conversation that the kingdom would contribute to the stabilisation of the international crude , the Japanese government said on Thursday.

Tight global supplies and geopolitical tensions in and the Middle East have boosted oil prices by about 15% so far this year.

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Kishida said that Japan would like to work with Saudi Arabia towards oil market stabilisation, a written summary of the conversation between the two leaders showed.

The prime minister, who took office in October, also told the Saudi leader that intended to support the kingdom's industrial diversification and other reform efforts, the summary said.

(Reuters)

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