Summit updated on Monday 5 July, after the failure of negotiations to find a compromise with the United Arab Emirates. In 2020 Abu Dhabi threatened to leave the coalition, a possibility that is now being raised
by Sissi Bellomo
No one had foreseen such a difficult summit for Opec Plus. Instead the meeting, postponed by one day, suffered further severe delays due to the obstruction of the United Arab Emirates and on the evening of Friday 2 – after long hours of negotiation – is It was decided to adjourn the meeting to 3 pm on Monday 5 July.
The coalition is seeking a compromise to increase oil production in the coming months, in response to strong demand and the price rally, which has led to the …
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