UAE President Sheikh Mohammad Bin Zayed Al Nahyan held a telephone call last Wednesday (7/12/2022) with his Russian counterpart Vladimir Putin. The two leaders discussed the G7 price cap and its repercussions on the oil market and OPEC+.
The two men reportedly expressed concerns over the price cap effects and discussed how would OPEC+ members react if the G7 decided to modify the gap.
Tactical Report has prepared a 321-word report to shed light on the subject.