“Consensus building is an art,” Saudi Energy Minister Prince Abdulaziz bin Salman told reporters after the meeting. The deal is evidence of the strong bonds between members and shows “OPEC+ is here to stay.”
OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates.
The unusually public dispute that tested the unity of the cartel was resolved in a classic compromise – with Riyadh meeting Abu Dhabi halfway in its demand for a more generous output limit.
