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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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The minimum oil price required to stabilize the budgets of the Gulf States

rocky
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The minimum oil price required to stabilize the budgets of the Gulf States Empty The minimum oil price required to stabilize the budgets of the Gulf States

Post by rocky Thu 28 Nov 2019, 8:30 am

The minimum oil price required to stabilize the budgets of the Gulf States

The minimum oil price required to stabilize the budgets of the Gulf States 8819






Economy News - Baghdad
A report by the International Monetary Fund (IMF) revealed the average price of a barrel of oil needed by Gulf states' budgets to break the difference between their revenues and spending rates.
According to the report, Qatar has the lowest price per barrel of oil for the Gulf countries by about $ 48.8 per barrel in 2019, and about $ 45.7 in 2020.
Qatar is second with Kuwait at $ 54.3 in 2019 and around $ 54.7 in 2020, followed by the UAE with $ 70.2 in 2019 and $ 70 in 2020.
Saudi Arabia, one of the world's largest oil producers, has a break-even price of $ 86.5 a barrel in 2019, $ 83.6 a barrel in 2020.Oman Sultanate has a break-even price of $ 87.3 a barrel in 2019 and $ 87.6 a barrel in 2020.
In 2019, Bahrain needs around $ 95.1 per barrel and $ 91.8 per barrel in 2020.


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