Oil & Gas Middle East – November 2018

(Jacob Rumans) #1
oilandgasmiddleeast.com NOVEMBER 2018

9

IN NUMBERS

Oil price (in $ per barrel) needed to balance 2018 budget


% of OPEC crude oil production (as of September 2018, via OPEC Secretariat)


Credit: Data from IMF via Bloomberg


The oil price is $77 per barrel as of writing

Venezuela
223$

Libya
132.80$

Algeria
105.70$

Kazakhstan
60.60$

Russia
40$

Iran
68.10$

Iraq
54$

Kuwait
48$

Nigeria
124$

Saudi
Arabia
87.90$

KSA 31.93 %

Nigeria 5.29%

UAE 9.12%

Kuwait 8.60%

Others 5.43%

Angola 4.4%

Venezuela 3.79%

Algeria 3.2%

Libya 2.84%

Iraq 14.27%

Iran 11.00%
Free download pdf