By ValueWalk
Some countries benefit from having oil as a cheaper input, but Russia is not one of them. Russia is the second largest exporter of oil selling 7.2 million bpd in global markets, which equates to about 45% of Russia’s budget revenues. Deutsche Bank has calculated the breakeven price for Russia’s fiscal situation at an oil price at $102/bbl.
Infographic Source: Visual Capitalist
Crude Oil: A Problem For Putin’s Russia
Infographic source: RadioFreeEurope
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