Putin will also host Iranian President Seyyed Ebrahim Raeisi in Moscow the following day, Kremlin spokesman Dmitry Peskov said.

Russia cooperates with all three countries in the OPEC+ group of oil producers, which last week announced new voluntary supply cuts that were greeted with scepticism by the oil market because of doubts whether they would be implemented fully, Reuters reported.

Oil prices fell 2% last week after the OPEC+ announcement, but Brent crude futures were firmer on Tuesday.

"There are certain processes of inertia in the oil market; it is very big and heavy. Therefore, sometimes the effect is delayed. Therefore, coordination will continue," Peskov said.

Asked if Putin would discuss oil market cooperation on his Persian Gulf trip, Peskov said: "These discussions are held within the OPEC+ format, but of course, cooperation in this area is always on the agenda."

Separately, Putin's foreign policy adviser Yury Ushakov said Saudi-Russian cooperation within OPEC+ was "fruitful".

"Fairly close Russian-Saudi coordination in this format is a reliable guarantee of maintaining a stable and predictable situation in the global oil market," Ushakov was quoted as saying by Russian news agencies.

The Kremlin later confirmed that Putin would hold talks with Saudi Arabia's Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, on cooperation within OPEC+.

Putin and the crown prince have developed close ties and were instrumental in forging the 2016 deal that formed the OPEC+ group comprising the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia.

Supply cuts

Putin's visit to the Persian Gulf comes after OPEC+ agreed last Thursday to voluntary supply cuts totalling about 2.2 million barrels per day (bpd), including an extension of existing Saudi and Russian voluntary cuts of 1.3 million bpd.

Apart from energy issues, Putin is keen to cultivate the Persian Gulf states as part of his drive to build global alliances with non-Western countries and demonstrate what he says is the failure of the United States and its allies to isolate Russia with sanctions over the conflict in Ukraine.

Ushakov said Russia's "special military operation" in Ukraine would also be discussed during Putin's trip.

Dubai, the UAE's largest city, is currently hosting the COP28 global climate summit. However, a Russian representative at the event told Reuters that Putin would be going to Abu Dhabi, not to Dubai, and would not take part in the summit.