UAE President Sheikh Mohammad Bin Zayed (MBZ) arrived in Moscow on 21/10/2024 to attend the BRICS summit and meet with Russian President Vladimir Putin.
During the meeting, both leaders discussed OPEC+ relations and coordination between all involved members.
OPEC+ members announced on 3/11/2024 the extension of oil production cuts for 1 month, at least until 24/12/2024.
The note delves into the following key aspects:
- UAE and Russia coordination on OPEC+
- Putin’s aspirations for Emirati and Saudi OPEC+ relations
This note also sheds light on MBZ and Putin’s views on Saudi Arabia’s oil policy to increase oil output next year.
