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The Economic Times

Top News / The Economic Times

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Saudi, UAE join Japan-led push to bolster Asian oil buffers

Saudi Arabia and the United Arab Emirates are joining Japan's efforts to strengthen oil supply security in Southeast Asia. This collaboration comes in response to supply disruptions caused by ongoing conflicts in the Middle East. Japan has committed $10 billion to assist Southeast Asian nations in coping with rising crude prices. The new framework aims to improve oil stockpiling capacity among participating countries for better energy security.

8 Oct 2026 7:03 pm