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    Home » Saudi Arabia, UAE reach compromise oil output deal – OPEC+ source

    Saudi Arabia, UAE reach compromise oil output deal – OPEC+ source

    July 14, 2021
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    *A man fixes a sign with OPEC’s logo next to its headquarters’ entrance before a meeting of OPEC oil ministers in Vienna, Austria.

    London — 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.

    • Reuters (Reporting by Rania El Gamal, writing by Shadia Nasralla; editing by Jason Neely)
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