Cost of Oil Production by

Country
The oil price has fallen by more than 30% since Summer 2014. This
affected everyone from producers to consumers. The visualization
represents Oil Price Dynamics, Breakeven Oil Price which shows oil
prices needed to meet general government expenditure and
Marginal Cost of Oil Production which shows the change in total cost
of producing one additional barrel of oil.World oil price at $55-$60 /
barrel exceeds the cost of Russian Arctic oil production, Europe and
Brazil biofuels production, shale and tight oil production in US and
Canada and offshore oil extraction in Brazil.State budgets of oilproducing countries will suffer from oil price decrease if the market
price falls below breakeven price. In Dec. 2014 world oil prices fell
lower than necessary for almost all oil exporters in order to balance
their government expenditures.
The data comes fromIMF,Deutsche Bank,Citi ResearchandReuters
Oil PricesCoal PricesNatural Gas PricesCommodity Prices
ForecastBP Energy Outlook
2030GoldSilverCopperAluminiumNickelZincG20 Economic
Forecast:GDP growth,Inflation,Unemployment,Government
Debt,Current Account Balance

Created by Denis Chernyshev with knoema.com

Crude oil price

160
140
120
100
80
60
40
20
0

Crude oil, average

Crude oil, Brent

Crude oil, Dubai

Created by Denis Chernyshev with knoema.com

Crude oil, WTI

Share in global oil export: Top 10 exporters

100%
90%
80%
70%
60%
50%
40%
30%
20%

35.3

34.16

2007

2008

38.11

37.52

34.51

36.78

2009

2010

2011

2012

10%
0%

Created by Denis Chernyshev with knoema.com

Arabia Saudita
Federacin de Rusia
Canad
Irn
Emiratos rabes Unidos
Nigeria
Angola
Iraq
Repblica Bolivariana de
Venezuela
Kuwait
Others

Marginal production cost by country

Marginal Production Cost
2014
Federacin de Rusia

Arctic

120,00

Biodiesel
Deep-water
Ethanol
Offshore
Onshore

18,00

Sand
Shale
Total

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Europe

Arctic
Biodiesel

110,00

Deep-water
Ethanol

103,00

Offshore
Onshore
Sand
Shale
Total

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Canad

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand

90,00

Shale
Total

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Brasil

Arctic
Biodiesel
Deep-water
Ethanol

66,00

Offshore

80,00

Onshore
Sand
Shale
Total

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Estados Unidos de Amrica

Arctic
Biodiesel
Deep-water

57,00

Ethanol
Offshore
Onshore
Sand
Shale

73,00

Total

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Angola

Arctic
Biodiesel
Deep-water
Ethanol
Offshore

40,00

Onshore
Sand
Shale
Total

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Ecuador

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

20,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Repblica Bolivariana de
Venezuela

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

20,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Kazajstn

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

16,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Nigeria

Arctic
Biodiesel
Deep-water

30,00

Ethanol
Offshore
Onshore

15,00

Sand
Shale
Total

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Omn

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

15,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Qatar

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

15,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Irn

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

15,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Argelia

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

15,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
United Arab Emirates

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

7,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Iraq

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore
Sand
Shale
Total

6,00

Created by Denis Chernyshev with knoema.com

Marginal production cost by country

Marginal Production Cost
2014
Arabia Saudita

Arctic
Biodiesel
Deep-water
Ethanol
Offshore
Onshore

3,00

Sand
Shale
Total

Created by Denis Chernyshev with knoema.com