For shale oil companies to break even WTI needs to be at 60 USD
Production cost is a deceive term, it has not included Admin cost, staff salary, delivery cost,etc
It's like drive a car and production cost is the cost of petrol, but what about the insurance, parking fee, maintenance fee, road side assistance fee, not to mention the cost to buy the car and stamp duty.....
For shale oil companies to break even WTI needs to be at 60...
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