Saudi Arabia's Break-Even Oil Price Plunges as Spending Drops
- Riyadh's fiscal break-even price to drop 30% this year: IMF
- Saudi Arabia unveiling grand plan to move to post-oil era
Saudi Arabia Prepares for a Post-Oil Economy
This article is for subscribers only.
Saudi Arabia will see the biggest drop this year in the oil price needed to balance its budget as Riyadh curbs spending amid the crude-market rout.
The kingdom’s fiscal break-even will fall to $66.70 a barrel from $94.80 in 2015, the International Monetary Fund said on Monday. The 30 percent drop is the steepest among a group of Middle East and North African OPEC members reviewed by the IMF.