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Oil and the Saudi Budget

Writer's picture: Edward BallsdonEdward Ballsdon

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Numerous previous research has highlighted the developing bearish negative sentiment for oil. This piece updates on that sentiment, and also shows the implications that a lower price would have on Saudi Arabia's finances.


This is important as their reaction to shore up finances could deliver even lower oil prices, which (subject to Middle Eastern geo-politics) would have a significant impact on global macro and asset prices.


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