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UAE ups the ante with OPEC, review of April’s PMIs

The UAE has raised its oil production capacity even further in a sign that it wants to raise actual output. But with rumours growing that OPEC+ may extend its current low oil output quotas beyond June, tensions within the group could escalate once again. Elsewhere, April’s batch of PMIs highlighted the continued strength of the Gulf's private non-oil sectors so far this year.

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