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"Had I had a tool like this in early '98, I would have done those deals"
President, public O&G Co.

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Scenario Based Market Analysis

Weekly Update
November 20, 2008

OPEC’s Dilemma

Falling crude price = falling cash flow

Citigroup’s Mushtaq Khan wrote earlier this week that “Saudi Arabia must sell its oil for an average of about $70/Bbl U.S. in order to finance imports and domestic projects in 2009 in the non-oil sector – the U.A.E. requires $70/Bbl, while Kuwait and Qatar require $55/Bbl to.....

Conventional Crude Oil


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