Saturday, May 16, 2026
Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

Saudi Arabia Sees Oil at $80 in 2019 Budget

Bloomberg chief ME economist says Saudi needs $95 to balance its budget From Bloomberg Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the kingdom’s history of making conservative financial assumptions. The world’s biggest crude exporter is estimating that oil will average about $80 a barrel