When crude oil prices crashed into the $20 range early last year, it had most oil-producing nations quaking in their boots. That's because few countries can make much -- if any -- money at that price point. I say most because there are a handful of producers that were still able to make a tidy profit at that price point.
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feedback@businessinsider.com (Matthew DiLallo), Business Insider
Sun, 03/26/2017 - 12:01pm
Topics: opec iran drilling u.k canada finally russia saudis fueling delaware basin production permian basin ceo scott sheffield eagle ford investor watch saudi arabia rystad energy iraq the motley fool middle eastern resources eog bakken pioneer natural costs produce oil shale barrel world capital year expenses million nations taxes years large countries price data money point due cash ground higher significant spending prices average reduction cheapest rival cheap administrative early fact leading market transportation competitive country surface dropped reason wells percentage sands offshore fields including basis longer drive
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