A Terrible Time For OPEC+ To Resolve Differences ...Middle East

It seems that Saudi Arabia and the UAE could not have picked a worse time to resolve their differences, with the OPEC+ announcement coming just as Covid cases climbed and bearish sentiment returned to markets.Chart of the Week-     ROPEC+ countries have agreed on a deal to boost collective output by 400kbpd per month until year-end 2022, having aligned on new production baselines to become effective from May 2022 onwards. -     Spare production capacity, however, has become something of a rarity amongst OPEC+…

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