Arabian Gulf’s oil exporters should embrace hedging | The National

Arabian Gulf’s oil exporters should embrace hedging | The National:



"Is it better for countries to plunge and soar with the oscillations of global markets? Or to buckle themselves in as they ride the roller coaster?



Both oil exporters and importers are now taking the second option – and trying to protect their massive energy revenues and expenditures. But is it time for major oil sellers in the Arabian Gulf to consider hedging their exposure?



Oil makes up about 70 per cent of the Qatari government budget, 90 per cent of Saudi Arabia’s, and 95 per cent of Iraq’s."



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