, Columnist
OPEC+ Is Pushed to the Brink Again
The UAE’s call for a higher quota needs to be addressed or it will just resurface again and again.
At loggerheads once more
Photographer: Karim Sahib/AFP via Getty Images
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It all seemed to be going so well and then, suddenly, it wasn’t. The OPEC+ group of oil producers is facing an existential crisis, as key member the United Arab Emirates again demands a higher production target for itself and Saudi Arabia digs in its heels.
On Thursday, it appeared the bones of an output deal covering the rest of 2021 had come together. It just needed full ratification from the alliance’s oil ministers, who have been working tirelessly to adjust the targets for months now.