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UAE Dominates Japan's Crude Oil Supply, Securing 44.1% in February 2024

UAE Dominates Japan's Crude Oil Supply, Securing 44.1% in February 2024
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The UAE secured 44.1 percent, namely 31.3 million barrels, of Japan's crude oil needs in February 2024, according to the Agency for Natural Resources and Energy in Tokyo.

The agency, part of the Japanese Ministry of Economy, Trade and Industry, stated that the amount of crude that Japan imported during that month amounted to around 71 million barrels, of which, 68.74 million barrels -96.7 percent - originated from five Arab countries: UAE, Saudi Arabia, Qatar, Kuwait, and Oman.

News Source: Emirates News Agency

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