FACTBOX - The oil price needs of OPEC members

Thu Nov 20, 2008 12:51pm GMT
 
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(Reuters) - Oil's slide from a record of $147.27 in July to below $52 on November 20 has different implications for members of the Organisation of the Petroleum Exporting Countries.

Saudi Arabia and other Gulf producers can manage with a relatively low oil price and can also draw on funds accrued during the price boom, while Venezuela needs a much higher level.

The following are estimates from Washington-based consultancy PFC Energy of how much various OPEC countries need on average to balance their external accounts.

2000 2007 2008 2009 2010

Venezuela 26.54 81.01 90.96 99.88 102.68

Iran 12.42 49.73 57.32 86.33 83.31

Saudi Arabia 20.56 42.86 42.86 50.74 54.26

Kuwait 5.62 37.92 43.55 50.35 52.07

UAE 1.89 27.69 33.53 40.56 45.59  Continued...

 
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