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Saudi Arabia's economic revival is still an oil story category
May 3, 2018
Source: World Oil

Saudi Arabia's economic revival is still an oil story

Saudi Arabia’s efforts to strengthen public finances and stimulate economic growth are still practically dependent on oil prices, even as the kingdom tries to reduce its reliance on revenue from oil exports. According to the latest IMF Economic Outlook, the global oil giant will need oil prices to average about $88/bbl this year to balance its budget.

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