The United Arab Emirates and Saudi Arabia are close to an agreement that will ease the stalemate at the heart of the OPEC+ cartel. The UAE is reportedly going to receive a higher production baseline within the supply curbs, having claimed that those enforced by OPEC did not consider the country’s increase in production capacity after October 2018, the date from which the levels were set. In return, the UAE will now agree to supply curbs being extended through to the end of 2022, from a previous deadline of April 2022. Final details over the exact level of the baseline have not yet been finalized and will have to be signed off by all other members of OPEC+, including Russia.…