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Qatar budgeted oil price for $40 a barrel
Nov. 4, 2020
Source: worldoil.com

Qatar budgeted oil price for $40 a barrel

Qatar has decided to base its budget at an oil price of $40 a barrel. The move came as a repercussion for the impacted finances of this year. Though Qatar was able to counter the market collapse better than its neighbors still some deficit forecasts were released. The IMF has projected a gross domestic product fall of 4.5% for Qatar this year whereas Bloomberg estimated a 7.2% deficit for the same.

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