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+.