The breakeven price for Qatari crude oil has risen to US$47.10 per barrel this year from US$24.20 a barrel ten years ago, a Gulf think-tank has calculated. The Gulf Times reports this represented a 95-percent increase in the breakeven price, which might sound like a lot, but it is below the three-digit breakeven price increases in other producers in the region, including Saudi Arabia and the United Arab Emirates, as well as Kuwait. The UAE’s breakeven costs rose by as much as 206 percent over the ten-year period since 2008, the think-tank, Camco, said, to US$71.50 a barrel. Yet this is not as bad as the case of Saudi Arabia, because Brent and the OPEC basket are both trading at more than US$71. Saudi Arabia’s breakeven price has risen by 134 percent to US$87.90 a barrel, which is substantially more than what the benchmarks are trading at. Bahrain and […]