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UAE/OPEC – UAE rebuffs plan by OPEC, allies to extend production pact (Al Jazeera)

The United Arab Emirates has pushed back against a plan by the OPEC oil cartel and allied producing countries to extend the global pact to cut oil production beyond April 2022, a rare statement revealing the country’s frustration with the group.

UAE rebuffs plan by OPEC, allies to extend production pact | Business and Economy News | Al Jazeera

The UAE says the OPEC+ proposal to extend production agreement for the entirety of 2022 without raising its production quota is 'unfair' [File: Dado Ruvic/Illustration via Reuters]

The UAE says the OPEC+ proposal to extend production agreement for the entirety of 2022 without raising its production quota is ‘unfair’ [File: Dado Ruvic/Illustration via Reuters]