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- Sep 7, 2007
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Daliah Merzaban
DUBAI — Reuters, Tuesday, May. 12, 2009 09:22AM EDT
Gulf Arab states could face economic turbulence or prosperity depending on where oil prices go in this year`s global recession with prices of about $60 (U.S.) a barrel offering some room for optimism.
Saudi Arabia, the world`s biggest oil exporter, and its five neighbours rely heavily on oil and gas revenues.
Below are some of the possible outcomes for the region based on where oil prices go after a Reuters poll showed last month that U.S. crude is likely to average nearly $51 a barrel in 2009 and $65.95 in 2010.
Full Article
Thank you,
Glenn
DUBAI — Reuters, Tuesday, May. 12, 2009 09:22AM EDT
Gulf Arab states could face economic turbulence or prosperity depending on where oil prices go in this year`s global recession with prices of about $60 (U.S.) a barrel offering some room for optimism.
Saudi Arabia, the world`s biggest oil exporter, and its five neighbours rely heavily on oil and gas revenues.
Below are some of the possible outcomes for the region based on where oil prices go after a Reuters poll showed last month that U.S. crude is likely to average nearly $51 a barrel in 2009 and $65.95 in 2010.
Full Article
Thank you,
Glenn