Putin to visit the UAE and Saudi Arabia on Wednesday

A spokesperson for the Kremlin said on Tuesday that President Vladimir Putin will undertake a working visit to the United Arab Emirates and Saudi Arabia on Wednesday. 

The spokesperson, Dmitry Peskov, responded to a question about whether Putin would discuss possible coordinated moves in the global oil markets during his visit, stating that such discussions take place within the framework of the OPEC+ group, but the agenda is always subject to change. 

The visit comes after the OPEC+ agreement, which includes the three countries, last Thursday, to implement additional voluntary production cuts of around 2.2 million barrels per day in a move aimed at addressing uncertainty in the oil market. 

Reuters