Sliding oil prices
hitting oil producers
The collapse in oil prices is squeezing profit margins for oil-producing countries around the world, with many making substantial losses
AVERAGE COST TO PUMP ONE BARREL OF OIL
(20 biggest oil producing nations)
*
One barrel sells for:
(Brent),
(U.S. crude)
$29.28
$29.65
Losing money
Falling profits
Prices
could fall further
as Iran intends to
increase oil exports
into already
saturated oil
market
by
500,000 bpd
Production costs are combination of capital and operating costs and are based on survey of some
15,000 oil fields across 20 countries – data from Nov 2015. *As of 11:58 GMT, Jan 18, 2016
Sources: Rystad Energy, wire agencies
© GRAPHIC NEWS
Sliding oil prices
hitting oil producers
The collapse in oil prices is squeezing profit margins for oil-producing countries around the world, with many making substantial losses
AVERAGE COST TO PUMP ONE BARREL OF OIL
(20 biggest oil producing nations)
$52.50
UK
$48.80
Brazil
$41.00
Canada
$36.20
U.S.
$36.10
Norway
$35.40
Angola
$35.30
Colombia
$31.60
Nigeria
One barrel
sells for:
$29.28
(Brent),
$29.65
$29.90
China
$29.10
Mexico
$27.80
Kazakhstan
*
(U.S. crude)
$23.80
Libya
$23.50
Venezuela
$20.40
Algeria
$17.20
Prices
could fall further
as Iran intends to
increase oil exports
into already
saturated oil
market
Russia
$12.60
Iran
$12.30
UAE
by
500,000 bpd
$10.70
Iraq
$9.90
Saudi Arabia
$8.50
Kuwait
Production costs are combination of capital and operating costs and are
based on survey of some 15,000 oil fields across 20 countries –
data from Nov 2015. *As of 11:58 GMT, Jan 18, 2016
Sources: Rystad Energy, wire agencies
© GRAPHIC NEWS
Sliding oil
prices hitting
oil producers
The collapse in oil prices is squeezing profit margins for oil-producing countries around the world, with many making substantial losses
AVERAGE COST TO PUMP
ONE BARREL OF OIL
(20 biggest oil producing nations)
$52.50
UK
$48.80
Brazil
$41.00
Canada
$36.20
U.S.
$36.10
Norway
$35.40
Angola
$35.30
Colombia
$31.60
Nigeria
$29.90
China
$29.10
Mexico
$27.80
Kazakhstan
$23.80
Libya
$23.50
Venezuela
$20.40
Algeria
$17.20
Russia
$12.60
Iran
$12.30
UAE
$10.70
Iraq
$9.90
Saudi Arabia
$8.50
Kuwait
One barrel sells for:
$29.28
$29.65
(Brent),
(U.S. crude)
*
Prices
could fall further
as Iran intends to
increase oil exports
into already
saturated oil
market
by
500,000 bpd
Production costs
are combination
of capital and
operating costs
and are based on
survey of some 15,000
oil fields across 20 countries –
data from Nov 2015
*As of 11:58 GMT, Jan 18, 2016
Sources: Rystad Energy, wire agencies
© GRAPHIC NEWS
BUSINESS
Oil price production losses
January 18, 2016 - The collapse in oil prices is squeezing profit margins for oil-producing countries around the world, with many making substantial losses.