> No Arab oil producer, save tiny Qatar, can balance its books at the current price, around $40 (see chart).
This is pretty much an open secret for anyone following the price of oil, but how can Aramco still brag about producing for less than $10 [1] a barrel while the kingdom is openly hurting from the current prices ?
This is pretty much an open secret for anyone following the price of oil, but how can Aramco still brag about producing for less than $10 [1] a barrel while the kingdom is openly hurting from the current prices ?
[1] https://www.forbes.com/sites/christopherhelman/2020/03/16/oi...