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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

Graphic shows how the current Brent/U.S. crude prices are impacting the 20 biggest oil-producing countries.
GN33851EN

BUSINESS

Oil price production losses

By Ninian Carter
Sources
PUBLISHED: 18/01/2016; STORY: Graphic News
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