The OPEC Dispute and the Arab-Saudi Rivalry
The OPEC Dispute and the Arab-Saudi Rivalry
Author(s): Sara Nowacka
Subject(s): Supranational / Global Economy, Energy and Environmental Studies, Economic policy, Environmental and Energy policy, International relations/trade
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: OPEC; Oil; Energy; Policy; Saudi Arabia; UAE;
Summary/Abstract: The OPEC+ talks planned for 5 July regarding oil-extraction policy have been cancelled because of the SaudiEmirati dispute. The authorities of the United Arab Emirates (UAE) have rejected a proposal to extend production limits until the end of 2022. This is another event in the escalating rivalry between Saudi Arabia and the UAE, which will increase the volatility of oil prices.
Series: PISM Spotlight
- Page Count: 2
- Publication Year: 2021
- Language: English
- Content File-PDF