The U.S. oil boom at a $50 a barrel price continues to profitably accelerate, while Saudi Arabia oil production with an $80-85 a barrel break-even cost continues to shrivel.
According to the International Monetary Fund director of the Middle East and Central Asia department, Jihad Azour, that the 2019 per barrel break-even price Saudi Arabia needs to balance its budget is "around $80–$85." Azour forecasts that with Riyadh planning to increase entitlement spending by $20 billion this year, its break-even cost will move higher.
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