Saudi Arabia and UAE to bolster Asia's oil reserves

What happened: Saudi Arabia and the UAE will help amass oil reserves in Asia, according to Nikkei. The two nations are seen expanding exports and offering priority supplies in emergencies. Why it matters: The move addresses a region that has not held ample supplies despite being dependent on imports. Southeast Asia relies on the Middle East for energy.

Saudi Arabia and the UAE will help amass oil reserves in Asia, according to Nikkei. The two nations are seen expanding exports and offering priority supplies in emergencies.

The move addresses a region that has not held ample supplies despite being dependent on imports. Southeast Asia relies on the Middle East for energy.