These countries are getting killed by cheap oil
Oil is selling for roughly $83 a barrel on the global market. That's bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order to balance their budgets./ Iran's budget, for example, is built on oil at $135 dollars per barrel, according to data from Deutsche Bank and Thomson Reuters compiled by DoubleLine Capital. , while Saudi Arabia will break even at $95 per barrel. "All the oil producers are feeling it. Now the question is who can withstand it the ...
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