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UAE will not support the extension of the OPEC + deal

July, 05 2021
watermark Economic news

The UAE intends to abandon the plan to extend the oil production limitation agreement beyond April 2022, unless the country's reference base to reduce production is increased. The UAE is demanding an increase in the reference base for a reduction in production from 3.168 to 3.8 million b/d.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.