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UAE Won’t Accept Plan to Extend OPEC+ Agreement Beyond April ‘22

  • Country’s output baseline is ‘completely unfair’: oil minister
  • Abu Dhabi says it agrees OPEC+ should raise supply from August
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The United Arab Emirates said it won’t accept a plan by other members of OPEC+ to extend the group’s agreement to curb oil production beyond April 2022, unless it’s allowed to have a higher baseline for its own cuts.