OPEC+ shows no signs of healing rift just before talks resume

The oil cartel and its allies show no signs of having resolved the disagreements between Saudi Arabia and the United Arab Emirates that is blocking an OPEC+ output deal.

Photo: Dado Ruvic/Reuters/Ritzau Scanpix

Just hours before the resumption of talks, OPEC+ still hadn’t resolved the increasingly bitter split between Saudi Arabia and the United Arab Emirates that’s blocking an oil-output deal.

The dispute leaves the global economy stranded in uncertainty – with little indication of whether the cartel will pump more crude to ease an inflationary price surge, or allow crude to extend its rally above USD 75 a barrel.

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