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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > Break Even Oil Price
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Post by radcat on Jan 19, 2015 10:47am

Break Even Oil Price

The table below shows what major oil-producing countries need oil prices to average this year for their budgets to break even.
 
Country
Breakeven
Oil Price
Global Economic Rank
Iran
$140
30
Venezuela
$118
50
Algeria
$121
47
Nigeria
$119
21
Ecuador
$117
62
Iraq
$106
45
Russia
$100
9
Angola
$98
59
Saudi Arabia
$93
19
Libya
$90
81
Oman
$75
64
Kuwait
$75
57
United Arab Emirates
$70
29
Qatar
$65
49
Source: The Wall Street Journal and IMF World Economic Outlook October 2014
Comment by zeroboot1 on Jan 19, 2015 2:39pm
I prefer this...pretty much says it all. Update, December 8: Oil is still getting crushed. On Monday morning, both Brent and WTI crude oil were resuming their slide lower, making five-year lows as oil has failed to meaningfully recover from the huge decline that was set off by the OPEC announcement that it would not move to curb production. And now that oil prices have fallen more than 30% in ...more  
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