For those who say oil will stay around $30 pb . How can it possibly be reconciled with Saudi Arabia's need for oil to be $106 pb to balance their budget . At the present rate the loss of income is around $350 bl p.y. They have raided the bond markets for $260 bl , debt markets for $63 bl . Are fighting wars on four fronts and propping up the economies of Egypt Pakistan and Yemen . Eight Saudi Banks have been downgraded to Risky, after the Saudi Government stripped them of $100bl in capitol . Sure they still have big capitol reserves , but the debts they are building at a reckless pace will soon take care of that . A very good article in todays AUS on Venezuela another oil rich country !! and for those going for their calculators , most of the Middle East produces a heavy sour oil , not a light sweet , an can be discounted by as much as $15 pb . Which ever way you cut it , this folly will not last much longer .....
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$40.53 |
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Mkt cap ! $205.5B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3063 | $40.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.54 | 10286 | 2 |
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No. | Vol. | Price($) |
---|---|---|
3 | 1381 | 44.580 |
2 | 28 | 44.500 |
6 | 1960 | 43.000 |
2 | 772 | 42.600 |
1 | 4884 | 42.550 |
Price($) | Vol. | No. |
---|---|---|
38.510 | 13559 | 2 |
39.000 | 6132 | 13 |
39.390 | 848 | 3 |
39.580 | 2576 | 4 |
39.800 | 32 | 1 |
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