Behind the OPEC standoff: Saudi Arabia, the UAE and the rush to decarbonise in the Middle East The breakdown of talks between the OPEC+ group of oil producers last week came down to disagreements between Saudi Arabia and the UAE. The two often time allies have found themselves on opposite sides of the fence over production levels of oil, a running source source of tension that has come to the fore more [...]
Is Opec+ fraying at the edges? As the Opec summit gets underway in Vienna, there are signs that the consensus about overproduction levels may be fading. The UAE and other major producers have indicated frustration at the current state of production. They see Saudi Arabia and Russia, two of the world’s largest producers, determining energy policy bilaterally, apart from the rest [...]
