Oil Companies Could Go Bankrupt If Oil Falls, Stays Below $45

Published: 29/05/2017
Oil Companies Could Go Bankrupt If Oil Falls, Stays Below $45
Source: PEAKOIL.COM

Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of oil equivalent in 2016, which implies that the industry needs the price of oil at US$45 to break even in aggregate, according to a Bernstein Research survey of the 50 […]

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