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Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
OPEC+ still showing restraint
Petroleum Economist analysis shows OPEC bringing back some barrels in May, but fewer than expected, while OPEC+ continues to see output fall
Asia proves a growing draw for Gulf players
A newly formed joint venture between Saudi Aramco and Sinopec signals rising Gulf interest in the Asian market
A new energy order in the UAE and Saudi Arabia
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
OPEC+ keeps more barrels off market in April
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
UAE studies AI power needs as high gas demand strains energy mix
Rewards offered by investment in the sector must be balanced by its energy consumption amid an increasingly gas-hungry domestic market
OPEC compliance improves amid market share threat
The surprise decision to bring on extra supply has coincided with better quota conformity from laggards in the group, Petroleum Economist analysis shows
Mideast Gulf oil exporters may engage in price war
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
OPEC+ plays with a straight bat
The oil alliance’s decision to keep to the plan amid tightening economic fundamentals seems to have been lost in the global geopolitical maelstrom, misplaced market speculation and haze of conjecture
Hydrocarbon Processing Refining Databook 2025: Middle East & Africa
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
UAE Opec
Robin M Mills
8 February 2017
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The UAE is committed, but not enthusiastic

The UAE could lift oil output but it will likely toe Saudi Arabia's line

Suhail al-Mazrouei, the UAE's oil minister, likes to make a point of his relative youth, at 43. Appointed in 2013, the current oil price slump may be his first as minister, but as a 1996 graduate, his industry experience spans two others. So his somewhat sceptical note on Opec's production cuts, and his casting of the deal as one to "rebalance the market" and draw down surplus stocks-rather than achieving a specific price-was notable. He pointed to the danger of a rebound in shale. But Abu Dhabi, as is traditional, toes the line set by Gulf Opec colleague Saudi Arabia. The UAE accepted a 139,000-barrel-a-day cut as its part of the November deal. State firm Adnoc has already cut supplies to t

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