Saudi Posts Record Deficit Amid Oil Slump

Saudi Arabia is counting the cost of a policy of allowing the oil price to drop as it seeks to drive less competitive producers such as U S shale oil fields out of business quot The budget changes suggest they are expecting oil prices to stay low for some time and the reforms are a small step towards addressing that quot

Source: 
http://www.topix.com/world/opec/2016/01/saudi-posts-record-deficit-amid-oil-slump?fromrss=1
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