Middle East oil-producing countries, the growth rate significantly ...
The IMF Saudi, United Arab Emirates (UAE), Kuwait, Qatar, Bahrain announced, the year of the growth rate forecast for Oman in the countries of the oil-producing countries, was cut from the moon time. Point. On the other hand, in the entire world was only a downward revision of 0.5 points.
And 0. The growth rate of Saudi year, which boasts the largest economy in the region, was cut from the moon.. Although Saudi teamed and the Petroleum Exporting Countries (OPEC) and non-member of Russia that led [OPEC plus] continue the cooperative production cuts aimed at price increases to narrow down the supply, such as Saudi Arabia is required to balance the budget It does not reach the price level.
Crude oil demand is sluggish worldwide, prices have been sluggish. Saudi growth rate of the oil sector of the year is negative. And the prospect of, much less than the countries overall level (minus.). Impact of crude oil price downturn weigh heavily on Saudi.
The month received a someone important oil facilities of the state-owned oil company Saudi Aramco attack, crude oil supply capacity of Saudi Arabia was temporarily greatly reduced.