Analysis: OPEC disagreement lays bare growing UAE-Saudi economic rivalry – Reuters

Analysis: OPEC disagreement lays bare growing UAE-Saudi economic rivalry – Reuters

DUBAI, July 5 (Reuters) - Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only looks set to intensify, several regional analysts said.

The UAE's opposition this weekend to a proposed eight-month extension to output curbs, favoured by Saudi Arabia, was a rare display of defiance by Abu Dhabi, whose Crown Prince Mohammed bin Zayed al-Nahyan has been a staunch ally of Saudi Crown Prince Mohammed bin Salman.

The disagreement led the OPEC+ talks to be called off on Monday.