OPEC agrees oil supply boost after UAE, Saudi reach compromise

  • Date: 19-Jul-2021
  • Source: Money Control
  • Sector:Oil & Gas
  • Country:Gulf
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OPEC agrees oil supply boost after UAE, Saudi reach compromise

The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to a request from the United Arab Emirates (UAE) that had threatened the plan.