Middle East Economic Survey
VOL. LII
No 15
13-Apr-2009
REGIONAL/GCC
Producers Revise Down Oil Prices For 2009 Budgets
Most oil producers have continued to revise down oil price assumptions to calculate their 2009 budgets, according to data coming in as many finalize numbers put forward in initial drafts. Early drafts of 2009 budgets had been based on higher prices, but as oil tumbled rapidly from the $147/B peak made in July last year to current levels of around $50/B, price assumptions have been...
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