Which Countries Are Hit Hardest By Oil Prices?

The video discusses the impact of falling oil prices on major oil-producing countries, focusing on the break-even prices required for these countries to balance their budgets. It highlights the effects of U.S. sanctions on Iran and Russia, noting that Russia's current production is not directly affected. The discussion also covers hidden expenditures, such as military spending, that influence the true break-even prices. The political implications for Russia, particularly President Putin's approval ratings, are also examined.

What is the break-even price for Iran's oil production?

What factors contribute to the higher break-even prices for some oil-producing countries?

How does military spending in Saudi Arabia affect its break-even oil price?

What are the implications of falling oil prices for Russia's economy?

Discuss the impact of U.S. sanctions on oil production in Russia.