This Small Nation Boasts The Lowest Breakeven Oil Price In The Middle East

Qatar had a fiscal breakeven oil price of $48.80 per barrel this year, the lowest in the region, and expected to fall further to $45.70 next year, according to research from investment company Kamco. In terms of the breakeven oil prices for 2019 and based on average oil prices seen in YTD (year-to-date)-2019 ($64), only Qatar and Kuwait are expected to be in a comfortable position in terms of spending on budgeted expenditure,” the Kuwait-based company said, as quoted by the Gulf Times. Qatar is a relatively minor oil producer, with average…