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Russian and UAE Presidents Discuss Oil Markets

OIL

Russia’s President Vladimir Putin held a phone conversation with his UAE counterpart Sheikh Mohamed bin Zayed Al Nahyan today to discuss OPEC+ cooperation and a price cap imposed on Russian crude oil, according to a Kremlin statement.

  • "The effectiveness of joint work within the framework of OPEC+ to ensure the stability of the world oil market was noted. The consistent implementation of the agreed decisions by all participating states was noted with satisfaction.” the statement said.
  • "In this context, the attempts of a number of Western countries to introduce anti-market restrictions on the cost of Russian crude oil that contradict the principles of world trade were touched upon," it said.
Energy BulletsCommodities
Energy BulletsCommodities

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