YGRN - OPEC+ looks to mend differences as UAE asserts greater independence

Diplomatic efforts are currently underway to repair that cracks in the 23-nation OPEC alliance as a dispute over how much crude to pump in 2021 broke into the open.The UAE has grown impatient to use its new production capacity, while also planning to launch a regional oil benchmark contract around its Murban crude variety, which needs the kind of volumes that clash with output limits.However, Saudi Arabia Energy Minister Prince Abdulaziz Bin Salman signaled his dissatisfaction with the situation on Monday by telling others he may resign as co-chair of a committee that oversees the OPEC+ deal.Members need to hash out a compromise before ministers gather on Thursday, at a meeting that's been postponed because of the impasse. Most other nations support maintaining the existing curbs into the first quarter and deferring the 1.9M-barrel daily supply increase due to take effect in January by three months."The risks of the OPEC+

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OPEC+ looks to mend differences as UAE asserts greater independence