The Saudi Dilemma: To Cut Or Not To Cut
Green Car Congress
DECEMBER 5, 2018
“Even if [Brent] prices fall further to $40-$50 a barrel, immediate balance of payments strains are unlikely to emerge,” the report said, with its authors adding the Kingdom would be able to finance its trade deficit from its foreign exchange reserves “for at least a decade.”. Saudi Arabia cannot afford another slump in oil prices,” he warns.
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