Muhammad Rashid + 5 November 24, 2021 Kuwait an important oil producer with 90% of the economy dependent oil products has recently seen a downgraded rating to A+. According to recent 'big data analysis', the price to break-even is $90. The negative outlook is projected to last 12-24 months and this will make or break the economy. The economy already contracted more than 8% last year and is unlikely to be a able to take a much more sever beating. An important strategy would be for Opec+ to reduce output so Kuwait can increase. Furthermore, pressures from renewable energy activists are unlikely to help the matter. 2 Quote Share this post Link to post Share on other sites
Starschy + 211 PM November 25, 2021 (edited) Production Price for Kuwait Oil is 7 USD. But the State need for his Budget a 90 USD to make a break even. The Russians need 50 USD. Kuwait had to reduce the Free Entry and Luxus level to a moderate 60%. The Car Park must be reduced from SUV to a moderate Honda Civic. Military Budget over 7 Bio USD for 17000 km2 From an Expert Level Kuwaits Rating should be reduced to an "A" Level. The Economic part is only Oil and a few Banks. Edited November 25, 2021 by Starschy 1 Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 26, 2021 You'r getting some insider intelligence aren't you.? Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 26, 2021 You're going to put a sheikh in a civic ? Wanna put him on a camel or a donkey ? Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 26, 2021 Yea good one starchy...go back to school. Quote Share this post Link to post Share on other sites
Starschy + 211 PM November 26, 2021 (edited) 3 hours ago, Muhammad Rashid said: You're going to put a sheikh in a civic ? Wanna put him on a camel or a donkey ? Besides the Sheik there live another 4.5 Mio People in Kuwait. You have ever heard of Ingvar Kamprand. Estimated fortune around 30 Billion USD. Yes, the head of Ikea, drove for many years a minor Volvo240. There was no issue to buy Ferraris or Lamborghinis or other luxury Car Models. Edited November 26, 2021 by Starschy Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 26, 2021 I think you're missing out on a fundamental difference. Sheikh does not equal to Russian. Furthermore I believe you ought to read JP Morgans recent analysis who cites $80 oil as being cheap. Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 26, 2021 (edited) ... Edited November 26, 2021 by Muhammad Rashid Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 27, 2021 Goldman Sachs has a price of $85 furthermore, Barclays has a price of $80. Bank of American is forecasting the price to $120. Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 27, 2021 (edited) EU/Greece Prices it at $300 Edited November 27, 2021 by Muhammad Rashid Quote Share this post Link to post Share on other sites
Muhammad Rashid + 5 November 27, 2021 (edited) Nikkei estimates are at $225. Edited November 27, 2021 by Muhammad Rashid Quote Share this post Link to post Share on other sites
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