OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates.
The unusually public dispute that tested the unity of the cartel was resolved in a classic compromise — with Riyadh meeting Abu Dhabi halfway in its demand for a more generous output limit.
“Consensus building is an art,” Saudi Energy Minister Prince Abdulaziz bin Salman told reporters after the meeting.
Continue Reading
You are reading subscriber exclusive content. Log in or try a 30 day free trial for unlimited access to all of Energy Voice's content.
Subscribe
