Russian President Vladimir Putin travels to the Middle East this week, visiting the UAE and Saudi Arabia to discuss oil, trade, and geopolitical issues. The trip comes as Russia aims to strengthen ties with the oil-rich nations at a time of conflict in Ukraine and tensions with the West. Yahoo Finance's Senior Business Reporter Ines Ferre analyzes the implications of Putin's visit against the backdrop of volatile energy markets, while also providing insights into the current oil and energy price outlooks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
BP, EQNR, LNG, PBR and TRP emerge as the energy headline makers during the week.
OPEC oil production dropped after lower shipments by Nigeria and Iraq as well as market-supporting cuts by Saudi Arabia and other OPEC+ members, a survey found.