Bloomberg News

Persian Gulf Breakeven Oil Is $77 A Barrel, Deutsche Bank Says

March 26, 2012

The average breakeven oil price for Persian Gulf countries is $77 a barrel, Deutsche Bank AG (DBK)’s regional chairman said.

“Oil this year is the new Greece, the new uncertainty on the economy,” Henry Azzam said at a conference in Doha today. Markets are pricing the “higher risk of supply disruption.”

Oil will average $115 a barrel this year, he said. “The oil market is ‘‘very very tight.’’

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Ayesha Daya at adaya1@bloomberg.net


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