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November 14, 2008

Breakeven Oil Prices in Gulf States

Interesting chart from Fitch Ratings of the breakeven oil prices in Gulf States. These numbers have risen in recent years, but not with exploration and extraction costs, but with higher country-level program expenditures causing higher oil prices to be required to balance their budgets.

Note that Bahrain has the highest breakeven price of the group, followed by Saudi Arabia.

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