Current Oct 2018 baseline is unfair: UAE energy ministry Wants extension of current pact beyond April 2022 to be discussed later OPEC+ to meet virtually July 5 to resume talks The UAE supports easing OPEC+ collective production cuts between August and December, but wants the proposed current agreement extension to the end of next year to be discussed at a separate occasion because the current production baseline on which quotas are based is unfair, the energy ministry said July 4. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The OPEC+ coalition was set to agree last week to boost collective crude output by 400,000 b/d each month from August to December and extend their supply management agreement through the end of 2022. But the UAE has stymied the agreement by insisting its baseline production level from which its quota is determined should be raised, […]