Saudi finance minister: experts suggest oil prices will be stable, rise a little

Explore Business Standard

RIYADH (Reuters) - As Saudi Arabia prepares its 2018 state budget, experts appear to be suggesting that oil prices will be stable or rise a little, Finance Minister Mohammed al-Jadaan said on Wednesday.
The government does not publish its oil price assumptions in its budgets, but economists estimated its 2017 budget assumed an average oil price in a range of about $47 to $55 a barrel.
(Reporting by Andrew Torchia; Editing by Toby Chopra)
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Oct 25 2017 | 6:42 PM IST