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Thread: Oil production cost in the world

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    Senior Member fxtester's Avatar
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    Default Oil production cost in the world

    Current price : 30 dollars.

    United Kingdom : 53$
    Brazil : 49$
    Canada : 41$
    United States : 36$
    Norway : 36$
    Angola : 35$
    Colombia : 35$
    Nigeria : 31$
    China : 30$
    Mexico : 29$
    Kazakhstan : 28$
    Libya : 24$
    Venezuela : 24$
    Algeria : 20$
    Russia : 17$
    Iran : 13$
    UAE : 12$
    Iraq : 11$
    Saudi Arabia : 10$
    Kuwait : 9$

    Oil production cost in november 2015. Source : CNNMoney.

    So, the question is why Saudi Arabia has got a deficit in 2015, whereas the oil has been exchanged between 62 and 35 dollars per barrel. Maybe because they need to invest a lot in order to diversify their income.
    Last edited by fxtester; 01-13-2016 at 23:10.

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