OPEC+ Crisis Deepens as UAE and Saudis Refuse to Budge

The video discusses the ongoing crisis within OPEC, focusing on the divide between Saudi Arabia and the UAE. Both countries have firm stances on the current OPEC+ deal, with Saudi Arabia advocating for an extension and the UAE opposing it. The debate has been highlighted on Bloomberg, with market implications if no agreement is reached. The most likely scenario is no production increase in August, with another meeting to follow.

What challenges are OPEC facing in bridging the divide between the UAE and Saudi Arabia?

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What is the current stance of Saudi Arabia regarding the OPEC plus deal?

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How are the UAE's views on production increases different from those of Saudi Arabia?

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What does Prince Abdulaziz bin Salman indicate about the market's expectations?

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What are the implications if no deal is reached in the OPEC meeting?

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