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These Numbers Show the Huge Challenges Now Facing OPEC Members

  • Goldman, CFR research shows deterioration in break-even prices
  • OPEC fiscal break-even now higher than listed energy companies
Bloomberg business news

Oil Advances on Signs U.S. Stockpile Declined

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Mirror, mirror, on the wall, who’s the lowest-cost oil producer of them all?

The price of a barrel of Brent crude has more than halved over the past five years, triggering an existential crisis for the world’s biggest oil producers. It’s also forced the withdrawal of billions of petrodollars that have been circulating throughout the global economy while providing a windfall to consumers in the form of lower energy costs.