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The minimum oil price required to stabilize the budgets of the Gulf States
Economy News - Baghdad
A report by the International Monetary Fund (IMF) revealed the average price of a barrel of oil needed by Gulf states' budgets to break the difference between their revenues and spending rates.
According to the report, Qatar has the lowest price per barrel of oil for the Gulf countries by about $ 48.8 per barrel in 2019, and about $ 45.7 in 2020.
Qatar is second with Kuwait at $ 54.3 in 2019 and around $ 54.7 in 2020, followed by the UAE with $ 70.2 in 2019 and $ 70 in 2020.
Saudi Arabia, one of the world's largest oil producers, has a break-even price of $ 86.5 a barrel in 2019, $ 83.6 a barrel in 2020.Oman Sultanate has a break-even price of $ 87.3 a barrel in 2019 and $ 87.6 a barrel in 2020.
In 2019, Bahrain needs around $ 95.1 per barrel and $ 91.8 per barrel in 2020.
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