VOL. XLVI

No 4

27-January-2003

SAUDI ARABIA

Saudi Arabias Oil Price To Average $22/B In 2003 Says SAMBA

Saudi Arabias oil price will average $22/B in 2003 compared to $23.72/B in 2002 estimates the Saudi American Bank (SAMBA) in its latest report entitled The Saudi Economy: 2002 Performance, 2003 Forecast. The strong oil prices and low interest rates seen in 2002 are likely to continue this year bringing another good year for the Saudi economy, said SAMBA, noting that the combination of high...