Saudis Seen Bolstering Oil Market Defense With Asia Storage

  • Plans to raise Okinawa storage to about 8 million barrels
  • Aramco negotiating oil storage projects in China: Al-Falih

Amin Nasser attends a business forum in Tokyo Thursday. Photographer: Tomohiro Ohsumi/Bloomberg

Saudi Arabia is poised to expand use of oil storage tanks in Japan and China, strengthening ties with its two largest Asian buyers as it fends off competitors for market share.

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