Saudi Arabia Accelerates $2.5 Trillion Mining Plans To Cut Oil Reliance ...Middle East

OILPRICE - Economy
Saudi Arabia Accelerates $2.5 Trillion Mining Plans To Cut Oil Reliance
source : OILPRICE ( Middle East ) () 91
After enjoying a rare budget surplus in 2022 amid high oil prices, most Gulf Cooperation Council (GCC) economies have seen their budget deficits widen with current oil prices still well below what they require to balance their budgets.  According to the IMF, Saudi Arabia, the GCC’s biggest economy, needs an oil price of $96.20 per barrel to balance its books, more than $20 above current oil prices. The situation is not helped by the fact that over the past two years, the oil-rich nation has borne the lion’s share of OPEC+ production…

Read More Details
Finally We wish PressBee provided you with enough information of ( Saudi Arabia Accelerates $2.5 Trillion Mining Plans To Cut Oil Reliance )

Apple Storegoogle play

Also on site :

Most viewed in Economy
Infosys and Adobe Announce Strategic Collaboration to Turbocharge Marketing Transformation with AI
PR Newswire - before 7 hours & 45 minute
Fujitsu awarded contract to design next-generation flagship supercomputer FugakuNEXT
PR Newswire - before 11 hour & 53 minute
The number of homeowners using interest-only mortgages
INDEPENDENT - before 11 hour & 36 minute
Oil Prices Inch Higher as Trump Social Media Tirade Fuels Speculation
OILPRICE - before 11 hour & 9 minute
South Africa: KwaZulu-Natal Govt Raises Alarm Over Bus Crashes - South African News Briefs - June 18, 2025
allafrica - before 10 hours & 29 minute
TotalEnergies Expects Mozambique LNG Restart This Summer
OILPRICE - before 10 hours & 24 minute
ECN and Dewhurst unveil LiveLift: Smart cabin screens for intelligent buildings
PR Newswire - before 9 hours & 54 minute
Those Creatine Gummies You Bought Online Might Not Contain Any Creatine
WIRED - before 6 hours & 27 minute
HSG Laser Launches Next-Gen GH and TS2 Laser Cutting Systems at Düsseldorf Debut
PR Newswire - before 8 hours & 37 minute
Hypermine closes seed funding round to maximise mineral recovery and minimise environmental impact
PR Newswire - before 11 hour & 39 minute
DENSO Recognizes Suppliers with 2025 North America Business Partner Awards
PR Newswire - before 3 hours & 36 minute
CNBC's UK Exchange newsletter: A quantum quandary for the UK government
CNBC - before 9 hours & 50 minute


Latest News

Where is my Nationwide £100 bonus? Dates and eligibility explained as first payments arrive

before 3 minute

Oil and Gas Production Surges in Argentina’s Vaca Muerta Shale

before 3 minute

Atlanta Hair Transplant and Restoration Specialist Dr. Benjamin Stong Now Accepting Bitcoin (BTC) for Hair Transplant Procedures at KalosHairTransplant.com

before 3 minute

Canada Could Begin First Pacific LNG Production This Weekend

before 21 minute

Artful Living v rychlém pruhu 2025: iGarden na 24 hodin Le Mans

before 21 minute

Красивая жизнь сопровождает гоночную трассу в 2025 году: iGarden на гонке «24 часа Ле-Мана»

before 39 minute

Will Iran Actually Close the Strait of Hormuz? Eni CEO Weighs In

before 57 minute

This AI Model Never Stops Learning

before hour & 2 minute

Iran threatens 'irreparable damage' if U.S. enters Israel conflict

before hour & 9 minute

Somalia: Somalia's Foreign Ministry Confirms Return of Entire Delegation From Geneva Labour Conference

before hour & 19 minute

Ditching Russian gas could cost EU state €16 billion – Reuters

before hour & 47 minute

Dr. Renuka Kulkarni Joins Gestalt as Chief Medical Officer

before hour & 51 minute

Namibia: Green Hydrogen to Raise Namibians' Standard of Living - Planning Commission

before hour & 56 minute

U.S. Crude Inventories Post Massive Draw of 11.5M Barrels

before 2 hours & 9 minute

Nippon Steel completes takeover of U.S. Steel in $14.9 billion deal

before 2 hours & 13 minute