Posted on: 27. July 2021 Posted by: Orestis Papargyris Comments: 0

Earlier this month, the United Arab Emirates unilaterally rejected a Saudi proposal to extend oil production cuts agreed in April 2020 until the end of next year, calling its current quota “unfair” and suggesting the market was in urgent need of additional crude supplies. The disagreement left the world oil market in a state of uncertainty.
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