Sign in to follow this  
Followers 0

Can Oil hit 70$

Recommended Posts


Today imho cost of marginal barrel is about 60 $ - its full cost of production in Permian acccoding to Art Berman research.

So you can expect Brent oil in 60-80 $  in foreesable future unless something unexpected happens or a global recession takes place.

65-70 $ per barrel is good price especially if you consider that the Dollar Index stands 20% higher than 5-10 years ago. 

 Most oil producers have their national currencies and exchange the dollar.

For example, for Russia in trade with Europe, today's $ 65 is really $ 78 and it must be added that according to their two export grades to China and Asia costs today: ESPO - $ 69.8 and Sokol 71.08.

Edited by Tomasz
  • Upvote 1

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0