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Reuters, DUBAI, July 4 – After the United Arab Emirates requested a review of the level from which OPEC+ cuts are calculated, Saudi Arabia’s energy minister warned on Sunday that no country can use a single month as a baseline production reference, according to Al Arabiya TV. According to the Saudi-owned news channel, Prince Abdulaziz bin Salman expressed neither optimism nor pessimism about the OPEC+ discussions, which are set to continue on Monday. After the UAE objected to some sections of the contract, the Organization of Petroleum Exporting Countries and its allies failed to achieve an agreement on oil output strategy for the second day in a row on Friday. find out more Marwa Rashad in London and Ghaida Ghantous in Dubai contributed reporting, and Hugh Lawson edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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