OPEC+ much-awaited resumption of talks today has now been delayed, indicating that Saudi Arabia and the UAE have not been able to broker any agreement after the UAE opposed production cut proposals as “unfair” and the Saudis responded with tariff amendments designed to hit out as its political ally and economic rival. Reporting on Twitter, Amena Bakr, Deputy Bureau Chief and Chief Opec Correspondent for Energy Intel, said the meeting has been postponed, with no indications of when a new date might be set. While the UAE sees the need…
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