Saudi Arabia and Russia announced on 5/9/2023 the extension of voluntary oil cuts until the end of the year, raising Brent oil prices above 90$ per barrel.
Saudi Crown Prince Mohammad Bin Salman (MBS) and Russian President Vladimir Putin held a telephone call on 6/9/2023, during which they conducted a joint evaluation of the decision.
Tactical Report sheds light on the details of MBS’ and Putin’s call, including:
- The two leaders’ views on recent oil cuts
- Coordination with two specific OPEC+ members
- Putin’s thoughts on UAE’s role in OPEC+
- MBS’ request to Putin concerning UAE’s role
The report also highlights the view of Saudi Minister of Energy Prince Abdulaziz Bin Salman on the future of Russian-Saudi cooperation under OPEC+.