How Midnight OPEC Dealmaking Won Gulf Unity at Africa’s Expense
- Saudis and UAE resolve longstanding differences over quotas
- African nations accept compromise deal after hours of talks
This article is for subscribers only.
As they stepped hand in hand from OPEC’s headquarters into the Vienna sun on Saturday, the group’s two Gulf heavyweights signaled that a long rift was over.
Saudi Arabia had reached an understanding to let the United Arab Emirates pump more crude next year, resolving a divide that two years ago almost shattered the OPEC+ alliance.