Declining price of oil puts break-even in spotlight - The National

The price of oil continues its decline, dipping below US$100 per barrel and casting a new light on budgets across the GCC.

Since last year, governments in the GCC have embarked on extensive investment programmes to improve the welfare of citizens, or to boost economic development.

These moves have pushed up the break-even price of oil - the per barrel income that is needed to avoid a deficit - for almost all of them.

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