SAUDI CROWN PRINCE PROMISES STABLE OIL SUPPLY TO JAPAN

Saudi Arabian Crown Prince Mohammed bin Salman promised stable oil supplies to Japan with Prime Minister Fumio Kishida on Tuesday. The crown prince told Kishida that "Saudi Arabia remains committed to the stable supply of crude oil to Japan and that Saudi Arabia would like to cooperate with Japan in other areas including the field of clean energy," it said.

On Monday, the crown prince suddenly announced his visit to Japan, which was scheduled for May 20-23, due to a health issue for King Salman. The crown prince had been scheduled to meet with Kishida and Japanese Emperor Naruhito. Kishida told the crown prince that he expected the kingdom to continue playing a leading role in stabilising the global oil market, including through further production increases. Kishida also said he would like to work with Saudi Arabia towards establishing a global supply chain for clean energy such as hydrogen and ammonia.

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