Crude Oil: Production cost $2, market price $100!

>> Rabiul Zakibdnews24.com
Published : 4 Feb 2014, 02:00 PM
Updated : 4 Feb 2014, 02:00 PM

The IEA in its ‘World Energy Outlook 2008’ articulates that it costs between US$6 and US$28 to produce a barrel (bbl) of crude oil (in 2008 dollars) in the Middle East and North Africa. (Read More)