Saudi Arabia Nets $27.7bn Surplus For 2022

...th a 22% increase to $38.3bn. Further gains are planned for this year, with budgeted capex of $41.9bn up 9.4% on last year’s levels. These capex figures remain well below historic levels. Saudi capex peaked at $85.2bn in 2014 before being slashed as oil prices dropped. But it was still running at $45...