UAE Dominates Japanese Crude Oil Market, Meeting 44.1% of February Demand
By Emirates News Agency, 01 April 2024
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.
