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Wednesday, July 28, 2021 0:45 GMT
The Emiratis won this month's showdown because they are far better prepared for the demise of OPEC. The friction between OPEC members Saudi Arabia and the United Arab Emirates that had held oil markets hostage finally ended last week, with an announcement that the Emirati quota from which production cuts are calculated will be increased. Thus ends the latest drama within the ranks of OPEC, but the curtain did not fall before giving us a preview of how that consortium is likely to ultimately...More