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What We're Watching: UAE-Saudi rivalry, South Sudan turns ten, Malaysian PM under pressure

Gulf grows between UAE and Saudi Arabia: Global oil prices surged this week to a six-year high after talks between the world's biggest oil-producing countries broke down. So what happened exactly? Saudi Arabia and the United Arab Emirates, usually close allies, are at loggerheads over how to boost OPEC oil production in the wake of the pandemic-induced economic crisis: the Saudis, along with the Russians, have proposed extending curbs on oil output levels for another eight months — a proposal vehemently rejected by the Emiratis. Abu Dhabi, for its part, has invested a lot to boost its output capacity, and now that global demand is up again it wants to renegotiate its production quotas within the OPEC framework. Riyadh, on the other hand, wants to cut supply levels so that prices remain high. It's a rare public spat between the two countries, whose leaders — Saudi Crown Prince Mohammed bin Salman and Emirati Crown Prince Mohammed bin Zayed — enjoy a close personal bond, though a rivalry has been deepening in recent years as both try to establish their kingdoms as the top economic hub — and regional power — in the Gulf region.

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