Oil – Putin in Private Talks With OPEC, Iran

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Russian President Vladimir Putin will pay a working visit to the United Arab Emirates (UAE) and Saudi Arabia on Wednesday, December 6, a Kremlin spokesman said, and hold talks in Russia the next day with the president of Iran.

The Russian President would discuss possible coordinated actions on global oil markets during his Gulf trip and talks held within the Organisation of Petroleum Exporting Countries and its allies (OPEC+) will be on agenda.

The visit comes after OPEC+ agreed last Thursday to voluntary supply cuts totalling about 2.2 million barrels a day, included an extension of existing Saudi and Russian voluntary cuts of 1.3 million bpd.

Source : https://www.researchandmarkets.com/issues/putin-in-private-talks-with-opec-iran


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