Oil, Opec + towards an agreement with the Emirates: the increase in production is closer

Oil, Opec + towards an agreement with the Emirates: the increase in production is closer
Oil, Opec + towards an agreement with the Emirates: the increase in production is closer

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The Saudis would have reached a compromise with Abu Dhabi, which will be able to extract more. A new OPEC + summit is now awaited to decide on production increases from August onwards. But the road is not yet clear of unexpected events

by Sissi Bellomo

July 14, 2021Updated on 14 July at 18.30

A truce is being prepared for Opec Plus. The dispute with the United Arab Emirates, which had caused the last summit of the coalition to fail, seems close to being resolved thanks to a compromise with the Saudis that could also pave the way for the increase in oil production that the group intended to approve for the months from August onwards.

The conditional is a must, not only because there is still nothing official about the agreement, but also because any decision regarding the production quotas …

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Oil Opec agreement Emirates increase production closer

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