Price of Crude Oil Drops

The price of crude oil dropped to below $45 a barrel.

With the exception of Norway, oil exporting countries need oil prices at above $54, and most of them at above $100 a barrel for their country's to be able to balance their budgets.

Libya: $184 Iran: $131 Algeria: $131 Nigeria: $123 Venezuela: $118 Russia: $105 Saudi Arabia: $104 Iraq: $101 UAE: $81 Kuwait: $78 Qatar: $77 Norway: $40

(Data source: IMF and Deutsche Bank)