*** ----> Saudi Arabia, UAE reach compromise on oil output deal | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Saudi Arabia, UAE reach compromise on oil output deal

Reuters | London

The Daily Tribune – www.newsofbahrain.com

Saudi Arabia and the United Arab Emirates have reached a compromise over the OPEC+ oil supply deal giving the UAE a higher production baseline, an OPEC+ source said on Wednesday.

The UAE's baseline will be 3.65 million barrels per day after the current pact expires in April 2022, the source said