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But we saved everything 🙂.
UAE leverages lower breakeven oil price to punish Saudi, Mike Bird notes
Mike Bird, reporter at The Wall Street Journal, highlights analysis suggesting the UAE’s diversified economy and large external surpluses keep its oil breakeven price far below Saudi Arabia’s.
Bird explains that while Saudi Arabia is funding a significant fiscal expansion, the UAE is ramping up oil production as a strategic move that could economically disadvantage its neighbor.
Bird has previously tracked trends across U.S. equities and individual stocks. He reported on earnings expectations for U.S. stocks rising at a pace surpassing the period following the 2017 tax cuts. In separate coverage, Bird discussed Tesla's unique volatility during its 2013 and 2020–21 rallies.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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