Saudi Arabia to ‘take stock’ of spending after oil price drop

Saudi Arabia to Review Spending Priorities After Oil Price Slide

Saudi Arabia will review its spending priorities after the oil price decline, and will consider whether to delay or accelerate some projects, the Kingdom’s Finance Minister, Mohammed Al-Jadaan, told the Financial Times in an interview published on Thursday. Saudi Arabia needs oil prices at about $90 per barrel to balance its budget. The world’s top crude oil exporter is already running a higher-than-planned deficit, which is set to swell with th…

Saudi Arabia to ‘take stock’ of spending after oil price drop

Finance minister tells FT the kingdom’s priority is to avoid long-running ‘trap of booms and busts’

Saudi Arabia to 'take stock' of spending priorities after oil revenue drop, FT reports

Riyadh plans to maintain its current pace of government spending despite facing widening budget and current account deficits, as well as rising debt levels

Aramco will keep borrowing, CEO says, as oil slump cuts cashflow

Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised US$5 billion in bonds this week.