//
you're reading...
USA, World economy

Russia and Saudi to survive should oil dip below $20

Stefano F. Fugazzi (ABC ECONOMICS) – Hereafter an interesting infographics by Landesbank showing the cost of production of a barrel in oil-producing countries. 

The reader will observe that Russia, Iran and Saudi Arabia could potentially sustain Brent oil prices below $20 ($17.20, $12.60 and $9.90 respectively) whereas most Western oil refineries are already struggling at current prices. 

Additionally, US and Chinese producers would feel the heat should Brent oil break into the low $30s per barrel (the break-even points are$36.20 for the US and $29.90 for China).
  

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

acquista ABC ITALIA, edizione 2016

Click here to download “Brexit?”, Fugazzi’s new book on the EU Referendum

ABC Economipedia, 2nd edition now out!

London One Radio

PIL – Professionisti Italiani a Londra

%d bloggers like this: