Brent Crude Faces 4% Annual Loss Amid Saudi Budget Concerns
Brent crude oil prices are projected to fall by 4% this year, trading at $74 per barrel. This poses challenges for Saudi Arabia, which requires $93 per barrel to balance its budget.
Brent crude prices are on course for a 4% annual loss, trading around $74 a barrel, while Saudi Arabia needs $93 per barrel to balance its budget.