The Saudi energy minister gave a forceful condemnation of cartel members that try to get away with pumping too much crude. (Bloomberg) — Saudi Arabia showed its determination to stop OPEC+ members cheating on their production quotas, delivering a thinly veiled dressing-down to its closest ally in the region, the United Arab Emirates. Prince Abdulaziz bin Salman, the Saudi energy minister, gave a forceful condemnation of cartel members that try to get away with pumping too much crude. While he didn’t name any countries, the visual symbolism was clear. Listening in silence alongside the prince while he spoke was his UAE counterpart, Suhail al Mazrouei, who in a rare development joined an OPEC+ teleconference from Riyadh, rather than his home capital Abu Dhabi. “Using tactics to over-produce and hide non-compliance have been tried many times in the past, and always end in failure,” Prince Abdulaziz said at the opening […]