Japan, Saudi Arabia to work toward stabilizing crude oil markets

Japan, Saudi Arabia to work toward stabilizing crude oil markets

Japan stabilizing crude oil markets? By doing what? Produce more oil?

First of all, both countries need to learn about good labour system.

Kishida should fire Kuroda immediately and seek a return to a strong yen.

Instant positive effects on the costs of imports for Japanese buyers.

Not difficult…

Doesn’t Russia, an hour or two by boat have the most oil in the world?

Saudi is a corrupt human rights abuser killing thousands of women every week. Last week 51 of its own citizens beheaded in one day.

we could easily build a pipeline from Russia to japan. Energy security.

So ban oil from Russia but support this murderous dictator???

Oh yeh that makes a mockery of labelling war criminals!

So ban oil from Russia but support this murderous dictator???

There are four options to exert pressure on a foreign nation, in order of escalation:

• Ask nicely

• Voice displeasure

• Sanctions

• War

You seem to have a problem with the sanctions. The only escalation beyond that is war. Is that what you are proposing? Or were you just complaining without actually having a solution?

@Rodney Japan already has invested in Sakhalin oil and gas

Saudi Arabia and the wider OPEC+ (including UAE) and the Iran/Qatar duo are looking to balance out the hegemony that the United States has had on Asian affairs, especially in light of the anti-Russia sanctions that have been seen as "overreach" by many Asians. Japan will have to somehow more away from the United States, and make working with OPEC/CIS/China as a positive. The big issue in this situation is that most of Asia is sitting on the fence on Ukraine, and the sanctions are turning the war into a "USA vs Asia" war instead with India and SEA onboard, but Japan has been reliant of US security in lieu of having a strong domestic military.

Japan is rapidly ruining it's oil relationship with Russia.

No big surprise here.

Apart from Japan being the USA pet allies.