Saudi breakeven oil price to hit $321, if spending pattern continues: analyst
alifarabia | July 21, 2011 | Featured Saudi Arabia, Macroeconomic Data, Oil, Saudi Arabia, Slider | No Comments
Forget Arab Spring. If Saudi Arabia’s spending patterns and economic policies don’t change, it could be staring at a breakeven oil price of an astonishing $320 a barrel by 2030, says Jadwa.
With $562-billion in net foreign asset, the second largest oil reserves in the world after Venezuela (according to the latest Opec bulletin), and the second largest oil output in the world after Russia - Saudi Arabia’s future looks rosy and solid. READ MORE HERE
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