UAE Criticizes Current OPEC+ Output Deal as 'Unfair'  

DUBAI, UNITED ARAB EMIRATES - The UAE on Sunday criticized the current oil production deal among OPEC+ alliance members as "unfair", offering to extend the agreement only if its production is reviewed.

In a row that could put at risk the energy market's post-coronavirus recovery, the UAE's push to increase its production baseline is reported to have derailed last week's meeting of the alliance of oil-producing countries.  The current deal "would prolong the UAE’s unfair reference production baseline until December 2022, from the existing agreement end date of April 2022", the energy and infrastructure ministry said, quoted by state news agency WAM. "The UAE is willing to extend the agreement further, if required, but requests that baseline production references be reviewed to ensure that they are fair to all parties as/when an extension is agreed to."