UAE sticks to OPEC+ production limits
The Biden administration is asking Gulf partners to increase production in response to rising oil prices, but so far the cartel is holding to its earlier agreement.
The Biden administration is pushing for major oil producers, including the United Arab Emirates and Saudi Arabia, to increase production in an effort to bring down prices.
However, during OPEC’s meeting earlier this month with Russia, the so-called OPEC+ alliance decided to boost production only gradually.
