OPEC+ carries consensus through to end-2022

Issue 1131 - 29 Jul 2021 | 1 minute read

There were three surprises from the 18 July Opec+ meeting: one, that it happened so soon after the most recent ministerial meetings; two, that it extended the 23 countries’ co-operation agreement to December 2022; and three, that it solved a quota dispute between the UAE, Saudi Arabia and Russia, which had fed into Abu Dhabi’s deteriorating relationship with Riyadh.

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