US EditionSaudi Arabia Faces Oil Price Dilemma
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OklahomaMinerals.comSaudi Arabia Faces Oil Price Dilemma
As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the world’s top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price. The Kingdom, the leader and main architect of the OPEC+ production cuts, is starting to ease a small part of these cuts on April 1, per t…
·London, United Kingdom
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