The strategic alliance between Russia and the GCC countries in recent years has allowed for the creation of the OPEC+ agreement, which has determined the new paradigm of the world energy market. The anticipated production cut in July 2019 ensured predictability of the oil prices and maintained a stable flow of investment into the oil industry. How does the future of the energy alliance between Russia and the Middle East look? What is the progress between the Russian and Western energy partnerships? What are the main challenges for the Russian and global energy producers and what contribution can the Russian companies and technologies bring to the development of the global energy industry?