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Noticias de trading
2 May 2018
IMF Official: Saudi Arabia needs oil at $85 to $87 to balance budget
A Senior Official from the International Monetary Fund (IMF) was out on the wires last minutes, via Reuters, stating that Saudi Arabia needs oil at $85 to $87 to balance the budget.
Saudi Arabia has forecasted a budget deficit of about $52 billion for this year
Additional Headlines:
Riyadh's break-even oil price was $83 in 2017.
Expectations for 2018 is that it will be around $85 to $87.