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Friday, August 18, 2023

UAE-OPEC+: President Sheikh Mohammad’s discomfort about the cartel’s futurenote

During OPEC+ Joint Ministerial virtual meeting on 4/8/2023, Saudi Arabia decided to extend its 1 million barrels per day (bpd) oil cuts for September.

UAE President Sheikh Mohammad Bin Zayed Al Nahyan views these Saudi cuts to have significant repercussions on the future of OPEC+.

Tactical Report highlights President Sheikh Mohammad’s views, including:

- The effects of oil cuts on the OPEC+ members’ relations

- The effects of oil cuts on market stability

- The effects of oil cuts on future oil prices

The report also sheds light on President Sheikh Mohammad’s views on a possible exit from OPEC+.


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