Business & Economy

Will the oil price war break out?

A source in OPEC confirmed that the organization is focused on achieving an agreement for the next six months, with the postponement of a long-term agreement on the volume of oil production to a later stage.
The source said that no progress has been made regarding resolving the dispute between Saudi Arabia and the UAE over the volume of production, noting that Russia is working to bring them back to negotiations.
The source warned of the growing fears of the oil price war with the difficulty of resolving the Saudi-Emirati dispute over the volume of production.

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