EnergyWatch

Saudi Arabia forecasts oil price at USD 80

Saudi Arabia expects the price of Brent oil to reach USD 80 per barrel next year, reveals the country's state budget for 2019.

Photo: Ritzau Scanpix/AP/Saudi Press Agency

In 2019, Saudi Arabia's king will once again be able to pump more money into the country's economy, presently operating with a fiscal deficit of 4 percent.

This budget is, however, based on an expected average crude oil price of USD 80 per barrel on the world's markets.

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