"Stability of the oil market is the most important, sharing in the G20"
As crude oil prices become unstable due to the spread of the new coronavirus, Minister of Economy, Trade and Industry Kajiyama revealed that he will attend a teleconference held by the Energy Ministers of G20 = 20 major countries on October 10 to stabilize the oil market. Said he wanted to share the perception that was the most important.
At a meeting after the Cabinet meeting on October 10, Minister Kajiyama stated that OPEC and the oil-producing nations such as Russia have been discussing reductions in production. With the stagnation of economic activity resulting from the stagnation of the oil market, we will pay close attention to the impact on oil prices. "
Minister Kajiyama stated that he would attend the G20 Energy Ministerial Meeting held on a videoconference on the night of Japan time on the 10th of Japan time. I think it is important. I hope that both oil-producing countries and consumers will share this thought. "