Saudi Arabia would need oil prices to average $85-$87 a barrel this year to balance its state budget, an International Monetary Fund (IMF) official said. The only OPEC member in the Middle East and North Africa able to balance its budget with oil below $50 is Kuwait, with a break-even oil price for this year of $47.80 a barrel, the IMF said. Saudi Arabia needs oil prices at $70 per barrel in 2018 in order to breakeven, the International Monetary Fund (IMF) said on Tuesday in its Regional Economic Outlook on the Middle East and Central Asia. The Saudi breakeven oil price to achieve zero deficit in 2017 is $73.10, according to the IMF, compared to $96.60 for 2016. According to a Wall Street Journal breakdown of production costs per barrel for 13 large producers, Saudi Arabia can extract a barrel of crude at US$8.98, just a little bit less than Iran, at US$9.08. To compare, the cost per barrel of U.S. shale comes in at US$23.35. This cost includes taxes, Saudi Arabia’s breakeven oil price in 2020 is expected to be lower than $83.6/b to balance its budget, as the world’s biggest oil exporter signals an end to the expansionary fiscal policy Graph and download economic data for Breakeven External Oil Price for Saudi Arabia (SAUPZPIOILBEBUSD) from 2008 to 2020 about Saudi Arabia, oil, REO, and price.
4 Apr 2018 Saudi Arabia, the world's biggest oil exporter, is likely to lower its budget break- even oil price to below $55 per barrel by 2021 as the biggest 2 Feb 2016 The key observation is that all are above US$60 per barrel, with Saudi Arabia and Russia at around US$100. Fiscal breakeven oil prices per 12 hours ago Saudi Arabia and Russia are locked in a fierce oil price war while the Saudi Arabia also has the highest global fiscal break even point, the
9 Mar 2020 The Saudi Arabian oil company Saudi Aramco was evaluated as the world's most profitable company, whose initial public offering was planned to Download scientific diagram | The trend analysis of oil price, fiscal, and external breakeven oil price in Saudi Arabia, 2008-2018 from publication: Oil Prices, 4 Apr 2018 Saudi Arabia, the world's biggest oil exporter, is likely to lower its budget break- even oil price to below $55 per barrel by 2021 as the biggest 2 Feb 2016 The key observation is that all are above US$60 per barrel, with Saudi Arabia and Russia at around US$100. Fiscal breakeven oil prices per
4 Apr 2018 Saudi Arabia, the world's biggest oil exporter, is likely to lower its budget break- even oil price to below $55 per barrel by 2021 as the biggest
By 2019, the "average Brent breakeven price for tight oil was about US$46 per barrel. The breakeven price of oil from Saudi Arabia and other Middle Eastern 9 Mar 2020 Oil prices suffered an historic collapse Monday after Saudi Arabia shocked the market by launching a price war against onetime ally Russia. Oil Prices, Stocks Plunge After Saudi Arabia Stuns World With www.npr.org/2020/03/08/813439501/saudi-arabia-stuns-world-with-massive-discount-in-oil-sold-to-asia-europe-and-u-