An OPEC+ deal to release more oil to the market and extend its supply management policy to the end of 2022 hinges on agreement from the United Arab Emirates (UAE), which has opposed the deal and pushed talks into a second day, OPEC+ sources said. The UAE on Thursday effectively blocked a deal agreed by top producers Saudi Arabia and Russia to ease oil cuts by 2 million barrels per day (bpd) by the end of 2021 and extend the remaining cuts to December 2022 from April 2022. OPEC+ sources have said the UAE – though it did not object to the output increase – is arguing that the new deal needs to acknowledge that the UAE has higher production from which cuts are being made. It says it had previously agreed to a very low baseline figure as a gesture of goodwill and […]