Which Oil Producing Countries Are "Breaking-Even"? -- Old Data But Still Of Interest -- June 11, 2019

This is old data. It was first posted by The Wall Street Journal on November 27, 2014, and then updated on July 26, 2017, and I doubt much has changed.

This is the price of oil that these countries need to "balance their budget." The data for Venezuela and Iran is probably irrelevant:

• Nigeria: $139
• Venezuela: $117.50
• Bahrain: $101.10
• Azerbaijan: $91.40
• Saudi Arabia: $83.80
• Russia: $72.00
• Iraq: $54.30
• Iran: $51.30

At the time this data was updated, Brent was trading at $62.67.

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Gasoline Demand

For some reason I've been forgetting to post this graphic when it's released.

This one is from last week. The data is released weekly on Thursdays, link here.