Green Car Congress
AUGUST 12, 2015
With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. He is author of “Oil—Past, present, future—An Indian Perspective”. by Gaurav Agnihotri of Oilprice.com. Source: [link].
Green Car Congress
AUGUST 13, 2015
In December 2014, the Saudi government approved spending $229 billion in 2015, resulting in an estimated deficit of $39 billion, or some 5 percent of GDP. As mid-year 2015 approached, the IMF estimated the budget deficit would equal approximately 20 percent of Saudi GDP. percent in 2015, and then just 2.7 percent in 2014 to 3.3
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