Saudis Need $70 Oil To Break Even

Saudi Arabia needs oil prices at $70 per barrel in 2018 in
order to breakeven, the International Monetary Fund (IMF) said on
Tuesday in its Regional Economic Outlook on the Middle East and
Central Asia. The Saudi breakeven oil price to achieve zero deficit
in 2017 is $73.10, according to the IMF, compared to $96.60 for
2016. Among the oil exporters in the region, Saudi Arabia has cut
its breakeven oil price by the most between 2016 and 2017, but its
budget breakeven price of oil is not the lowest in the region. The
lowest breakeven price for 2017…

Saudi Arabia needs oil prices at $70 per barrel in 2018 in
order to breakeven, the International Monetary Fund (IMF) said on
Tuesday in its Regional Economic Outlook on the Middle East and
Central Asia. The Saudi breakeven oil price to achieve zero deficit
in 2017 is $73.10, according to the IMF, compared to $96.60 for
2016. Among the oil exporters in the region, Saudi Arabia has cut
its breakeven oil price by the most between 2016 and 2017, but its
budget breakeven price of oil is not the lowest in the region. The
lowest breakeven price for 2017…