Beijing January 5th afternoon news CNNMoney reported that people in the energy industry is suffering from work, such as oil prices and other bad reality. However, some oil producing countries compared with other countries, more serious economic losses.
These countries to cost $52.50 a barrel to produce oil, but now, when the transaction, but the transaction is less than $40 to the market price of the terrible loss.
In Brazil, the production of a barrel of oil cost close to $49. In Canada, the production of a barrel of oil cost about $41.
In the United States, the production of a barrel of oil cost nearly $36, the cost is under the market transaction price.
These findings from the Rysta energy Rysta energy UCube database, UCube database, from all over the world with about 65 thousand blocks of oil and gas field data.
Of course, when the cost of oil exploitation is higher than the market price, the oil producing countries, it is difficult to make money.
Now many oil companies have publicly announced to slash its oil production in high cost countries capital investment.
On the other hand, in some other countries such as Saudi Arabia and Kuwait, the production of a barrel of oil in the average cost of less than $10. Iraq's production costs about $10.70 a barrel of oil.
Rystad Per Magnus Nysveen CNNMoney chief analyst to provide some relevant data, and oil production, he said, because the Gulf oil production cost is low, so compared with other countries, the Gulf countries occupy an absolute advantage in producing oil.
In the first half of 2014, the oil market transaction price reached more than $100 a barrel, however, in the second half, oil trading prices fell sharply. This decline was mainly due to a member of the OPEC oil caused. Although the number of oil market supply has reached saturation, but OPEC members continue to lead to the exploitation of oil, the oil market serious pile up in excess of requirement.
Analysts said the move OPEC member is dominated by Saudi Arabia, to other oil producing countries with higher cost out of the crude oil market, which can re expand oil market share.
The International Energy Agency (IEA) of the relevant responsible person said in a statement recently in oil inventories in the world currently has about 3 billion barrels.
The recent slump in oil prices seriously affected the country's oil revenue OPEC.
Last month, the International Monetary Fund (IMF) warned that most Middle Eastern countries including Saudi Arabia, Oman and Bahrain and other countries if it continues to vicious competition, not the oil price increased to about $50 a barrel above, these reserves will be depleted in 5 years.
International Monetary Fund said, in order to ensure the long-term stability of the fiscal policy, oil exporters will have to adjust its monetary income and expenditure ratio.