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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.