Middle East Economic Survey

VOL. LIV

No 3

17-Jan-2011

REGIONAL/ OIL PRICES

Oil Producers Adopt Higher Crude Prices For 2011 Budgets

The climb in crude oil prices has allowed many MENA countries to post a budget surplus for 2010 and hike the price forecast they will use in their 2011 budgets, according to data coming in from those that have already released details of their deliberations. Others still crunching numbers are expected to follow suit and adopt higher prices. The OPEC Basket price...