It is a potentially explosive cocktail. “This is the last year you would want Venezuela as the president,” said Helima Croft, chief commodities strategist at Canadian broker RBC. Related: Is It All Over for Opec? Your browser does not support HTML5 video. 0:00 / 0:00 Skip Ad in 15 The cartel is struggling to convince markets that it can stabilize oil prices. WSJ’s Sarah Kent takes a look at the current state of OPEC’s power. Budget Buster Oil prices are below levels many OPEC and allied nations need to balance their budgets. Fiscal break-even oil price in U.S. dollars, 2018 BRENT $60.28 a barrel 21:11 GMT | Dec. 6 Venezuela $216 Nigeria $127 Libya $114 Bahrain $111 Saudi Arabia $88 Algeria $84 Angola $83 Ecuador $78 Oman $77 Iran $72 United Arab Emirates $72 Kazakhstan $62 Azerbaijan $59 Iraq $55 Russia $53 Kuwait $48 Qatar $47 0 Expand to […]