Related Articles
UAE Oil Minister Suhail Mohamed al-Mazrouei
Forward article link
Share PDF with colleagues

Saudi Arabia’s different drivers bode ill for Opec+ unity

The Kingdom has a radically divergent perspective on both the short- and long-term oil market. And that could mean the cracks in the cartel only getting wider

“I find it striking that the UAE has stepped away from Saudi Arabia, a long, long-time ally within Opec and Opec+,” Dan Brouillette, US secretary of state for energy from 2019 to earlier this year, told CNBC in the aftermath of the collapse of July’s Opec+ meeting without an agreement. But, looking at the inherently different motivations between Saudi Arabia and other major producers within the cartel, perhaps it is not that surprising. Indeed, maybe the most notable aspect of the oil market’s recent history has been the relative unity between diverse actors as the energy transition upends received wisdom in all aspects of the industry. And, if these Saudi-Emirati cracks become fissures, th



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from South America: Bolivia's shrinking gas role
21 January 2022
Declining production and cheaper LNG threaten the country’s role as gas supplier to its neighbours
US LNG eases European storage crisis
20 January 2022
The US is set to play an even larger role in the global gas market this year, with the country gearing up to overtake Australia as the world’s largest LNG exporter
Wintershall Dea quits Brazil, Argentine shale
20 January 2022
The German independent is overhauling its Latin American portfolio
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video