Budget Pressure Likely To Keep Saudis Propping Up Oil Price

Pressure on Saudi Arabia’s finances will make it eager to secure a deal on oil output cuts at this week’s talks among global producers, even if Riyadh has to shoulder the lion’s share of the reductions.
A rapid decline in the government’s huge budget deficit is unlikely to continue in coming months, particularly since Riyadh may have to spend more to support sluggish economic growth.
Saudi economic reformers, meanwhile, have staked much of their credibility on a successful initial public offering (IPO) next year by national oil giant Saudi Aramco, which they have predicted will achieve a valuation of at least $2 trillion.
The result, oil analysts and economists say, is that Saudi Arabia will go into the meeting of OPEC and non-OPEC producers in Vienna on May 25 determined to maximise its oil revenue through high prices, even if it must make large production cuts in return.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007 ✔
Give a Missed Call for Free Trial – 09699997717 ✔
Advertisements

Author: ways2capital

Ways2capital is one of the leading research house across the globe. The company basically provides recommendations for stocks cash & F&O traded in NSE & BSE,commodities including bullions, metals and agro commodities traded in MCX & NCDEX. To stay ahead in this turbulent markets traders/investors need the expert technical & fundamental analysis along with the latest news & data provided in various innovative & familiar ways. With this current scenario of economic re-balancing, emerging markets are becoming the leaders & driven of the economy across the globe as a whole. Ways2capital has been placed right at the center of this paragon. It is all possible because of the highly qualified analysts who are skilled & having cerebral thoughts in their analysis. Analysts become more competent as their ability is coupled by the latest software tools & techniques. Ways2capital offers various services in a different & simplified manner, so that it can suit the requirement of any trader/investor as per their investment. We provide more than 90% accuracy in our recommendations to make our client satisfied in a delightful manner. Ways2capital has proved itself as a benchmark in providing 24*7 customer support. If you are a commodity/stock/currency trader or investor then ways2capital will show you all the best feasible ways to optimize returns from the markets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s