Everyone in the energy industry is suffering as crude oil prices have slumped. But some oil producing countries are hurting more than others.
In the United Kingdom, it costs $52.50 to produce a barrel of oil — which is trading right now around $42.
Oil production in Brazil costs nearly $49 per barrel. Production costs around $41 a barrel in Canada.
In the United States, production costs are $36 a barrel — still below the trading price.
Those findings are from Rystad Energy’s UCube database, which has information from roughly 65,000 oil and gas fields around the world.