Monday, May 30, 2011

OPEC fiscal oil production break even price rises to $85 & projected $110 in 2011

Fiscal break even prices for oil production in OPEC country including Suadi Arabia rises to fund Increase spending & development in the region especially in light of the recent Political development nicknamed Arab Spring.

So why does Prince Alaweed say price will come down to $70-$80.

Is there some political wrangling going on here ?

http://www.marketwatch.com/story/arab-oil-faces-higher-break-even-price-2011-05-29?pagenumber=2

No comments:

Post a Comment