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.’’
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