Tokyo concerned about OPEC + decision to maintain the plan to reduce oil production

The Japanese government believes that the decision of the OPEC + countries to maintain the plan to reduce oil production increases the uncertainty in the market and fixes prices at a high level, Secretary General of the Cabinet of Ministers Hirokazu Matsuno said at a press conference in Tokyo, Report informs via TASS.

“The OPEC+ decision increases the uncertainty in the system of supply and demand in the oil market and inevitably leads to prices fixing there at a high level,” he said. “We will carefully monitor the situation and the impact of OPEC+ policy on the Japanese economy. At the same time, our country intends to intensify dialogue with Saudi Arabia, the United Arab Emirates (UAE), and other states."