The UAE left OPEC after 59 years. Angola left a year before. Namibia hasn’t pumped a barrel yet, should Namibia join OPEC when the oil start flowing? ⠀ UAE spent $150 billion on capacity. OPEC held them to 3.4 million barrels a day. So they walked. Angola got cut from 1.46M to 1.11M. Same call. ⠀ Namibia is about to enter this conversation. Should it join a club the fastest producers are leaving? ⠀ The day you accept a quota is the day someone else writes your business plan. ⠀ #OPEC #Namibia #AfricaEnergy #OilMarkets #GlobalArbitrage