Saudi Arabia is planning to balance its state budgets over the medium term although they stay willing to accept deficits if they are needed to fuel economic growth, according to Finance Minister Mohammed al-Jadaan. The government has announced that it will get rid of the budget gap, officially projected at 148 billion riyals ($39.5 billion) …
Saudi Arabia Willing to Accept Deficit for Economic Growth Read More »
Oilseed traders in China on Monday played down the possible impact on soy consumption of new government guidelines to lower the protein content of animal feed, saying that increasing soymeal and soybean prices would be a far larger curb on appetite. The country has been going after multiple ways to reduce its consumption of feed …
Oil prices slipped on Monday in the midst of cautious sentiment as a slip in financial markets last week and dollar strength in the earlier week highlighted concerns that growth may be slowing down, especially within Asia’s emerging economies Fron-month Brent crude oil futures were trading lower 46 cents, or 0.6 percent, at $77.16 per …
Oil prices slipped on Friday o and were set for a third consecutive week of loss, with Saudi Arabia cautioning of an oversupply in the middle of a slump in global equities trade that blurs the outlook for demand. Brent crude futures were down 47 cents, or 0.6 percent, at $76.42 a barrel. The global …
Oil Prices Drop on Worries over Possible Oversupply Read More »
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