Sources say that OPEC+ will maintain its oil production policy despite tensions between Saudi Arabia and the United Arab Emirates over Yemen.
Three OPEC+ delegates stated on Friday that OPEC+ 'will?likely? maintain steady oil production at its Sunday meeting, despite the high political tensions between Saudi Arabia and UAE regarding Yemen.
The eight members of OPEC+ who pump about half a world's oil met on Sunday after oil prices dropped more than 18% between 2025 and 2020, their steepest decline since that year.
Saudi Arabia, Russia and the UAE have all raised their oil production targets from April to December 2025 by about 2.9 million barrels a day. This is almost 3% of global oil demand.
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In?November, pause the output increases for January, March, and February.
OPEC, Saudi Arabia and Russia have not responded to requests for comments on the Sunday meeting.
Last month, tensions erupted between Saudi Arabia, the UAE and other countries that support opposing sides of Yemen's decade long conflict. A UAE-aligned militia seized southern territory away from the Saudi-backed government.
So far, OPEC+ has not indicated that the dispute would affect Sunday's discussions.
OPEC has often maintained its cohesion, even in the face of serious internal rifts such as the 'Iran-Iraq War', by prioritizing market management over political differences.
The UAE announced that it would remove its remaining forces?from Yemen, after Saudi Arabia supported a Saudi Arabian call for Emirati?troops?to leave within 24 hours. This was one of the biggest public disputes between the two Gulf?oil?producers.
Yemen's Saudi-backed Government
launched
It called it a peaceful operation on Friday to retake military positions from UAE-backed separatists in the south, who said that seven Saudi airstrikes have taken place since their declaration.
(source: Reuters)
