@arief02
Oil Break-Even Levels by Country
Will oil prices drop significantly because Trump took over Venezuela? Not significantly.
According to the data, oil production in Venezuela is a very expensive process, because their oil is not a typical type of oil. For example, Merey oil has a very high viscosity and high sulfur, metal, and asphaltene content.
Not all refineries can process this oil. It requires a complex refinery to fully process it. Currently, their oil break-even point is around $65 per
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