1. Interactive: Oil Exporters' External Breakeven Prices
- Author:
- Brad Sester and Cole Frank
- Publication Date:
- 07-2017
- Content Type:
- Special Report
- Institution:
- Council on Foreign Relations
- Abstract:
- The 2014 fall in global oil prices, from over $100 a barrel to around $50 a barrel, reduced the export proceeds of the world’s main oil- and gas-exporting economies by about $1 trillion. After a decade of largely uninterrupted high oil prices, this dramatic swing has tested the economic resiliency and political adaptability of oil-exporting countries. One of the best single measures of the resilience of an oil- or gas-exporting economy is the oil price that covers its import bill—the external breakeven price.
- Topic:
- Oil and Global Political Economy
- Political Geography:
- America