News of Bahrain
World14 July 20211 min read

Saudi Arabia, UAE reach compromise on oil output deal

Reuters | London The Daily Tribune – www.newsofbahrain.com Saudi Arabia and the United Arab Emirates have reached a compromise over the OPEC+ oil supply deal giving the UAE a higher production baseline, an OPEC+ source said on Wednesday. The UAE's baseline will be 3.65 mill

Editorial Team Legacy

Published 14 July 2021, 8:00 · Updated 21:45

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Saudi Arabia, UAE reach compromise on oil output deal

Reuters | London

The Daily Tribune – www.newsofbahrain.com

Saudi Arabia and the United Arab Emirates have reached a compromise over the OPEC+ oil supply deal giving the UAE a higher production baseline, an OPEC+ source said on Wednesday.

The UAE's baseline will be 3.65 million barrels per day after the current pact expires in April 2022, the source said

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