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Super Brief: OPEC Cracks. The Portfolio Cracks Next. — Super Brief
Published 1 month, 3 weeks ago
Description
OPEC Cracks. The Portfolio Cracks Next.. The UAE exited OPEC after 57 years, effective May 1. The timing is surgical: the Gulf energy crisis made staying more expensive than leaving. The UAE was constrained to 3.2 million barrels per day while possessing capacity to nearly double output. Jim Bianco connected the sequence: the UAE requested