UAE Escalates OPEC Dispute as Tensions on Output Quotas Grow
- The Gulf state is unhappy with its OPEC+ oil-production quota
- Divisions in exporters’ alliance risk destabilizing oil market
Tension between Riyadh and Abu Dhabi has been growing since late summer, when the UAE increased its production above its OPEC+ quota, prompting a stern warning from its neighbor.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
The United Arab Emirates ratcheted up tension with oil allies in OPEC+, with officials privately questioning the benefits of being in the producers’ alliance and even considering whether to leave it.
The UAE has not said publicly it’s debating its membership, let alone planning to exit. And officials briefed the media under condition they would not be named, allowing room for maneuver if they later want to distance themselves from the comments.