Middle East Economic Survey

VOL. LII

No 42

19-Oct-2009

MEES Agenda

Producing Countries Deliberate Higher Crude Prices For 2010 Budgets

Oil producing countries are leaning towards using higher average crude prices in calculating their 2010 state budgets, according to data coming in from the handful that have released details of their deliberations. Others that have yet to formulate forecasts are also expected to follow suit and adopt higher prices. They have been encouraged by the climb in crude...