Opec and oil-producing allies are at a new impasse. But what does it mean and why is it happening?

To unpack a historic convergence of market dynamics, The National's energy correspondent Jennifer Gnana joins co-hosts Mustafa Alrawi and Kelsey Warner.

They explain Opec's current role in the energy industry, why US oil and Brent, the international oil benchmark under which two thirds of the world's crude trades, reached seven and three-year highs. Also discussed: why balancing the energy market is key to economic recovery from the pandemic and the increasing role the net-zero agenda is playing on oil producers' long-term strategy.

In this episode:

Opec and rising demand (0m 58s)

Oil prices that determine market stability (5m 13s)

Opec's importance in the global energy landscape (9m 44s)

UAE's strategy (16m 10s)

Read more on our website:

• US oil rallies to 7-year high amid Opec deadlock

• Flexibility is the only way out of the Opec+ impasse

• Explainer: What is Opec?

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