UAE President Sheikh Mohammad and Putin share concerns over G7 price cap

12 December 2022

IntelligenceNote

Summary

UAE President Sheikh Mohammad Bin Zayed Al Nahyan held a telephone call last Wednesday (7/12/2022)

with his Russian counterpart Vladimir Putin. The two leaders discussed the G7 price cap and its repercussions on the oil market and OPEC+.

The two men reportedly expressed concerns over the price cap effects and discussed how would OPEC+ members react if the G7 decided to modify the gap.

Tactical Report has prepared a 321-word report to shed light on the subject.

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