Oil Producing Countries' Break-Even Oil Prices
This list is taken from CNBC which reveals oil producing countries' break-even oil prices. Break-Even Price is the amount of money it takes to extract 1 barrel of oil. This list shows the cost needed for these oil producing countries to avoid having a budget deficit in 2008 and 2009 as compiled by the IMF.
Bahrain
Break-even price
2008: $75
2009: $84
Kuwait
Break-even price
2008: $33
2009: $34
Oman
Break-even price
2008: $77
2009: $78
Qatar
Break-even price
2008: $24
2009: $24
Saudi Arabia
Break-even price
2008: $49
2009: $54
UAE
Break-even price
2008: $23
2009: $24
Algeria
Break-even price
2008: $50
2009: $60
Azerbaijan
Break-even price
2008: $40
2009: $35
Iran
Break-even price
2008: $90
2009: $90
Iraq
Break-even price
2008: $111
2009: $94
Republic of Kazakhstan
Break-even price
2008: $59
2009: $67
Libya
Break-even price
2008: $47
2009: $53
Looks like $37 per barrel will not last long.
What do you think?
What price should it be?
If I were you I'd stay away from those gas guzzlers!
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