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  While cordial, the comments at the Abu Dhabi International Petroleum Exhibition and Conference showed the stark divide between the United States and Gulf Arab countries it supports militarily in the wider Middle East. Already, American politicians have threatened arms deals with the kingdom and described it as siding with Russian President Vladimir Putin amid his war on Ukraine. Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, hinted at that in brief remarks at the event. “We don’t owe it to anybody but us,” the prince said to applause, noting that upcoming U.N. climate change summits will be held in Egypt and the United Arab Emirates. “It was done for us, by us, for our future, and we need to commit ourselves to that.”  “I can assure you that we in the United Arab Emirates, as well as our fellow colleagues in OPEC+ are keen on supplying the world with the requirement it needs,” al-Mazrouei said. “But at the same time, we’re not the only producers in the world.” ...

  Oil prices held steady after a crucial meeting yesterday between the oil producers that could set the tone of the global crude market for the rest of the year. Brent crude traded just above $75 as ministers from the 23-strong OPEC+ alliance, led by Saudi Arabia and Russia, prepared for one of the most important meetings for many months. After their final round of meeting the officials will decide whether to increase production against a background of improving demand as the world climbs out of the pandemic recession.   Oil expert Robin Mills, chief executive of the Qamar Energy consultancy, mentioned that the market and forecasts are certainly signaling the need for more supply. However, the Energy Minister of Saudi Arabia, Prince Abdul Aziz bin Salman, is inclined to favor a cautious approach as the global market approaches rebalancing after the volatility of last year, with new COVID-19 variants threatening an economic recovery in several countries. He told a...