Analyn Forex Introducing Broker

Analyn Forex Introducing Broker

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SNBomb 17/01/2015
OIL PRICES 17/10/2014

Here’s a chart from the Economist based on estimates from Deutsche Bank. Different firms may of course have different estimates.
It shows that almost all major oil exporters are in trouble at these levels, even Saudi Arabia. In theory this should encourage OPEC members to come together and reduce output in order to boost prices. In fact however it implies more cheating on quotas and an even lower oil price.

The graph is from http://www.vox.com/2014/10/14/6975977/which-countries-suffer-most-when-oil-prices-plummet

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