Japan's METI met and confirmed that, at the next meeting, they will deepen consideration on the diversification of oil procurement sources and improve the domestic supply system and future oil reserves, Nikkei reports

Japan's METI signaling a focus on diversifying oil procurement sources indicates a strategic shift aimed at enhancing energy security amid global supply uncertainties. This move could lead to increased Japanese crude demand, impacting prices of WTI and Brent, while potentially providing a buffer against geopolitical tensions affecting energy supplies.