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Tuesday, June 13, 2023

UAE-OPEC+: President Sheikh Mohammad’s views on recent decisionnote

During the last OPEC+ meeting earlier this month (4/6/2023), the cartel decided to extend the already agreed-on oil cuts for the remainder of 2023, but Saudi Arabia cut its own production from 10 to 9 million barrels per day (mbpd) starting July.

Tactical Report has prepared a report (289 words) to highlight the views of UAE President Sheikh Mohammad Bin Zayed Al Nahyan on the cartel’s decision, including:

- The decision’s effect on Emirati-Saudi relations

- Its impact on the UAE’s production targets

- Its repercussions on Russian revenues

The report will also shed light on the impact of the Kingdom’s own production cut on the market, and what it means for OPEC+. 


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