Senior US and OPEC+ officials met at the Abu Dhabi International Petroleum Exhibition and Conference last week, but the high-profile event did little to quell concerns about a growing rift between Washington and the Saudi-led group over their recent decision to cut production quotas, to disperse 2 million b/d.
Energy officials and ministers from the US, Saudi Arabia, the United Arab Emirates and India voiced their disagreements over the supply cuts at the ADIPEC meeting. Crude oil prices subsequently shot up to almost $100/b at first…
