29 Apr 2019 However, this isn't true and Saudi Arabia does not base its oil policy on the budgetary break-even price per barrel of oil. SAUDI-ECONOMY-  31 Dec 2019 In its October regional report, the latest published by the IMF, the international organization had forecast a breakeven oil price of $86.5/b for  11 Feb 2019 Riyadh's breakeven oil price depends on several factors, including the of the IMF's Middle East and Central Asia department, told Reuters.

The IMF says Saudi Arabia absolutely needs to sell oil at $70 per barrel. This is wrong and here's why: The International Monetary Fund (IMF) put Saudi Arabia’s at $98. In May 2013, when the IMF staff first projected the country’s 2014 fiscal break-even oil price, they pegged it at $88. that the price of oil1 will average US$56.7 a barrel in 2015 and US$64.9 a barrel in 2016; and that the six-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.7 percent in 2015 and 1.9 percent in 2016. These are, of course, working hypotheses rather than forecasts, and the uncertainties surrounding them add to Non-GCC oil-exporting countries: Algeria, Iran, Iraq, Libya, and Yemen. Sudan, Syria, Tunisia, United Arab Emirates, and Yemen. 2West Bank and Gaza is not a member of the IMF and is not included in any of the aggregates. CCA oil and gas importers: Armenia, Georgia, the Kyrgyz Republic, and Tajikistan. Use the Commodity Data Portal to visualize and chart the prices of 68 commodities from four commodity asset classes: energy, agriculture, fertilizers, and metals. Share, export, and download data using the interactive portal. The database includes a set of country-specific commodity-price based In its October regional report, the latest published by the IMF, the international organization had forecast a breakeven oil price of $86.5/b for 2019 and $83.6/b for 2020. At around 0813 GMT, Brent oil prices were up 0.2% from Friday's settle at $68.29/b.

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1). Oil prices below this level should result in budget deficits unless government policies change.

An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1). Oil prices below this level should result in budget deficits unless government policies change. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. The IMF says Saudi Arabia absolutely needs to sell oil at $70 per barrel. This is wrong and here's why: The International Monetary Fund (IMF) put Saudi Arabia’s at $98. In May 2013, when the IMF staff first projected the country’s 2014 fiscal break-even oil price, they pegged it at $88.

9 Jan 2015 IMF estimates that 

IMF: Saudi Arabia Needs $80-85 Oil Price To Balance 2019 Budget. OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), has told Reuters. In a study released Wednesday, The IMF bolstered its estimate for the oil price the kingdom needs to balance the national budget this year to $88 a barrel, 26 percent more than an assessment made in October. Benchmark Brent crude traded at $73 in London on Wednesday. Saudi Arabia is spearheading a 24-nation coalition An oil-exporting country’s “fiscal breakeven” oil price is the minimum price per barrel that the country needs in order to meet its expected spending needs while balancing its budget (figure 1). Oil prices below this level should result in budget deficits unless government policies change. In making their predictions, the staff has assumed that (i) established policies of national authorities will be maintained, (ii) the price of oil will average US$51.6 per barrel in 2015 and US$50.4 in 2016, and (ii) the 6-month London interbank offered rate (LIBOR) on U.S. dollar deposits will average 0.4 percent in 2015 and 1.2 percent in 2016. The IMF says Saudi Arabia absolutely needs to sell oil at $70 per barrel. This is wrong and here's why: The International Monetary Fund (IMF) put Saudi Arabia’s at $98. In May 2013, when the IMF staff first projected the country’s 2014 fiscal break-even oil price, they pegged it at $88.

31 Oct 2017 The break-even is a measure of the crude price needed to meet Oil will trade at $50 to $60 a barrel for the “medium term,” the IMF said.

29 Apr 2019 Saudi Arabia's fiscal break-even in 2019 is now $85 a barrel. Kingdom is leading OPEC efforts to prop up crude prices. Saudi Aramco's Ras  Figure 2.1 Supply and demand factors in the oil price shock . IMF (2014b); World Bank forecast of unweighted average prices of Brent, WTI, and Dubai, as of Fiscal break-even prices are oil prices associated with a balanced budget. 5. 28 Oct 2019 Iran needs oil prices to rise to almost $195 a barrel to break even, according to the International Monetary Fund (IMF), highlighting the  Oil producers immediately focused on their balance sheets. The estimated fiscal breakeven for Saudi Arabia was approximately 83. USD/barrel in 2018 (IMF,  30 Nov 2015 The International Monetary Fund (IMF) put Saudi Arabia's at $98. Faced with oil supply that exceeded demand, these countries would cut 

International Monetary Fund data released on Monday show the world’s biggest oil exporter needs prices at about $85 a barrel to balance its budget this year, up from a forecast of $73 in September.

Oil producers immediately focused on their balance sheets. The estimated fiscal breakeven for Saudi Arabia was approximately 83. USD/barrel in 2018 (IMF,  30 Nov 2015 The International Monetary Fund (IMF) put Saudi Arabia's at $98. Faced with oil supply that exceeded demand, these countries would cut  3 May 2018 The organisation's latest regional outlook paints an uncertain picture regarding the price of oil moving forwards. - DRILLING & PRODUCTION 

28 Oct 2019 Iran needs oil prices to rise to almost $195 a barrel to break even, according to the International Monetary Fund (IMF), highlighting the  Oil producers immediately focused on their balance sheets. The estimated fiscal breakeven for Saudi Arabia was approximately 83. USD/barrel in 2018 (IMF,  30 Nov 2015 The International Monetary Fund (IMF) put Saudi Arabia's at $98. Faced with oil supply that exceeded demand, these countries would cut  3 May 2018 The organisation's latest regional outlook paints an uncertain picture regarding the price of oil moving forwards. - DRILLING & PRODUCTION  Keywords: Fiscal break-even oil price, exchange rate, purchasing power parity, Source: Compiled from IMF “Regional Economic Outlook Update: Middle East