UAE and Saudi Arabia’s spat over OPEC oil production | Breakdown


Saudi-led plan to extend a deal capping oil production triggers a dispute between two OPEC heavyweights.
In a rare public spat between the Gulf state allies, the United Arab Emirates and Saudi Arabia have found themselves at loggerheads over an OPEC plan that seeks to extend a cap on oil production.

Saudi Arabia has led a push in OPEC to raise output by some 2 million barrels per day from August to December 2021 but extend remaining cuts to the end of 2022.

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