Monday, August 2, 2021

OPEC oil alliance at impasse between Saudi Arabia and UAE

DUBAI, United Arab Emirates (AP) — Talks among members of the OPEC cartel and allied oil producing countries broke off Monday in the midst of a standoff with the United Arab Emirates over production levels.

No new date was set for resuming talks, leaving oil markets in a state of at least temporary uncertainty about future supply as demand for fuel continues to recover from the worst of the coronavirus pandemic.

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