Before withdrawing from OPEC+, the UAE was producing around 3.4 million barrels per day.🤯🤯🤯
After withdrawing, its production will increase to 4.8 million❗❗❗
Financial Breakeven Price:
For the UAE: $45-$50
For Saudi Arabia: $80-$96
If the UAE increases its production and the price of oil drops to $60:
✅Financial Surplus for the UAE
❌Significant Deficit for Saudi Arabia
An Impending Disaster 🤯
