May 2004
Strong oil price fuels solid economic performance
The continued strength of the oil price means that Saudi Arabia is set for another successful economic performance this year and unless there is a change in this market, should deliver a second successive year with a budget surplus.
Economic analysts have been revising their projections for this year upwards as during the first quarter of the year both prices and production exceeded expectations.
Based on an estimated $28.50 a barrel average price for the year and 8.3 million barrels a day production (compared with 8.7 million b/d in 2003) Brad Bourland, chief economist at...
This is archived content. Your current settings does not currently allow access to the archive. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe