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Here are the break-even oil prices for 13 of the world’s biggest producers. By Elena Holodny

Low oil prices haven’t been great for countries that heavily rely on the commodity.

Governments in oil-producing states need oil’s price to stay above a certain price so that they can meet their spending commitments.

In a note to clients, Deutsche Bank’s strategist Michael Hsueh shared a chart that shows the fiscal break-even price per barrel for major OPEC and non-OPEC countries — the price that they need to balance their national budgets.

Libya needs the highest price, above $180/barrel, to break even. Qatar can get by with oil below $80/barrel. Russia and Saudi Arabia’s break-even prices are both around $105/barrel, and Iran’s is nearly $130.

Meanwhile, Brent Crude is currently trading around $56/barrel — far below what these major producers would ideally like to see.

Source: Business Insider UK, Jul. 20, 2015, 4:13 PM

http://uk.businessinsider.com/break-even-oil-prices-for-all-the-major-producers-in-the-world-2015-7?r=US

 

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    It,s my pleasure to join your site and to be posted..
    Best Regards,
    Dr Omar AL-EJLI

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