Most of the UAE-OPEC commentary I’m reading focuses on what happens next:
▪️How much more oil will the UAE produce?
▪️How does Saudi respond?
▪️What instabilities follow?
All fair questions.
But they skip the one I believe is more foundational:
What was already happening in oil markets that made this decision rational in the first place?
That’s the element I discuss in the newest episode of Behind the Data, where I go behind the analysis I’m publishing online.
🎧 Clip below. Full episode at Apple Podcasts or wherever you get your podcasts.
