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Break even on crude oil varies by field and country, but it ranges from the 10/bbl (Saudi) to 150+/bbl (tar sands). Transport costs are going to vary depending
by wiredfool 5y ago
Break even on crude oil varies by field and country, but it ranges from the 10/bbl (Saudi) to 150+/bbl (tar sands).
Transport costs are going to vary depending on the mode and distance — pipelines are cheap, ships less so but work long distance, and rail is more expensive, and trucking/flying it is even more.
Refinery costs are going to vary depending on the quality of the input, what’s the output mix, how much cracking is required, and the amount of impurities like sulphur.
So, huge variation all across the board. Best places to get real numbers would be to look at the numbers for publicly traded oil Companies that do the full stack.