OPEC+ Realignment: Saudi-Russia, Iraq and BRICS Energy Diplomacy

The realignment of OPEC+ and Gulf energy diplomacy with Russia and the BRICS countries, covering production quotas and the future of the OPEC+ alliance, oil-market strategy, energy partnerships with Russia, China and other BRICS members, and alternatives to dollar-based oil trade.

OPEC+ is being redrawn by the UAE's exit, Iraq's capacity push and the war's disruption of Gulf exports.

This topic page tracks the reported Saudi-Russia negotiation on a new OPEC+ order, Iraq's drive toward 7 million bpd and a larger OPEC+ baseline raised directly with Saudi Energy Minister Prince Abdulaziz bin Salman, MBS's views on the return of Iranian oil and the defense of Asian markets, Riyadh's energy pivot to China and its limited yuan settlement pilot alongside the dollar, the UAE's yuan pilot, bilateral tracks with India and Brazil, Abu Dhabi's screening of Russian-linked assets under European phase-out pressure, and BRICS settlement infrastructure.

Essential for OPEC+ analysts, sanctions desks, commodity traders and BRICS-watchers.