Saudi needs an oil price of $108 a barrel to balance its budget
Edited By WION Video Desk
Published: Jan 31, 2024, 05:30 IST | Updated: Jan 31, 2024, 05:30 IST
Saudi Arabia's decision to reverse plans to increase its oil production capacity highlights a long-term risk to the kingdom's oil revenue: competing suppliers. That is also raising concerns about the future of demand.
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