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The big middle east producers have cash costs around $10/bbl. They are definitely making money. Whether or not they are making enough to cover the budget necess
by qeternity 7y ago
The big middle east producers have cash costs around $10/bbl. They are definitely making money. Whether or not they are making enough to cover the budget necessary to keep their populace complacent is another matter.
- toomuchtodo 7y agoSaudi Arabia needs $80/barrel to meet their budget, Russia around $42/barrel.
- jessaustin 7y agoThat's assuming output is fixed. If OPEC has failed, that's no longer the case. Since Saudi's unit costs are lower, they can dominate Russia in the long run. The global finance sector will certainly help them with that. Of course, it will be risky, but we are talking about the people who invested in Vision Fund.
- deleted 7y ago[deleted]