The United Arab Emirates has made significant progress in resolving its standoff with OPEC+, nearing a compromise that could give the country a more generous output limit next year and allow the whole group to pump more oil in the coming months. The talks, involving the UAE and Saudi Arabia, are still ongoing and any deal would need the support of other OPEC+ nations, according to delegates familiar with the discussions. While one delegate said the deal was effectively done, another said discussions were continuing. The UAE’s energy ministry issued a statement acknowledging the talks, but said no agreement had yet been reached with the whole of OPEC+. The negotiations are nonetheless the first sign that Riyadh and Abu Dhabi are moving to cool off tensions after an unusually public fight earlier this month that briefly sent crude to a six-year high in New York. Last week, the Organization […]