Saudi Arabia’s Oil Cut Risks Leaving Bitter Taste for Budget
- Crude has barely risen since kingdom said it’d slash output
- Breakeven oil price almost $100 a barrel: Bloomberg Economics
Prince Abdulaziz bin Salman, right, in Vienna on June 3.
Photographer: Joe Klamar/AFP/Getty Images
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Saudi Arabia’s plan to slash oil production by around 10% may hit its finances hard.