Saudi Arabia's Break-Even Oil Price Plunges as Spending Drops - Bloomberg

Saudi Arabia's Break-Even Oil Price Plunges as Spending Drops - Bloomberg:

"Saudi Arabia will see the biggest drop this year in the oil price needed to balance its budget as Riyadh curbs spending amid the crude-market rout.
The kingdom’s fiscal break-even will fall to $66.70 a barrel from $94.80 in 2015, the International Monetary Fund said on Monday. The 30 percent drop is the steepest among a group of Middle East and North African OPEC members reviewed by the IMF."



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