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Cheap oil pushing exporters into deficit

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Saudi Arabia poised to tip into deficit

Saudi Arabia risks falling into a budget deficit next year and may have to tap its reserves, the International Monetary Fund (IMF) has warned.

One sign that Saudi Arabia is in danger of dipping into deficit is its "break-even oil price" – the price oil would need to be for the country to balance its budget. The IMF, in its annual consultation paper released Wednesday, notes that Saudi Arabia's break-even price has risen to $89 a barrel in 2013 from $78 a barrel in 2012.

"This expenditure path and lower oil revenues lead to an overall fiscal deficit in 2015, which is expected to deteriorate further to almost 7.5 percent of (gross domestic product) GDP by 2019," the fund said in the 54-page dossier.
 
Saudi Arabia has the hight surplus in the world. What deficit are you talking about!:lol:

Its we who decided to bring oil prices down and its we who will raise it up again. This is just temporary so don't get ahead of yourself.
 
Saudi Arabia has the hight surplus in the world. What deficit are you talking about!:lol:

Its we who decided to bring oil prices down and its we who will raise it up again. This is just temporary so don't get ahead of yourself.

That guy is an obvious troll. His sole purpose is to troll Chinese people and Arabs. Ironically the two biggest ethnic groups in the world. It seems that he has a deep hatred. I do not know if this is due to the Arab-Malay and Chinese-Malay communities being so successful in Malaysia.

He tries to create problems between Arabs and Chinese people despite our close ancient ties and current warm ties by claiming to be Chinese yet he apparently trolls China constantly.

Instaed of constructive discussions he prefers this.
 
Saudi Arabia has the hight surplus in the world. What deficit are you talking about!:lol:

Its we who decided to bring oil prices down and its we who will raise it up again. This is just temporary so don't get ahead of yourself.

That's right, Saudi Arabia has the highest current account surplus in the whole world:

List of sovereign states by current account balance - Wikipedia, the free encyclopedia

The KSA has plenty of room for flexibility, probably more so than any other country in the world.
 
That's right, Saudi Arabia has the highest current account surplus in the whole world:

List of sovereign states by current account balance - Wikipedia, the free encyclopedia

The KSA has plenty of room for flexibility, probably more so than any other country in the world.

Indeed.

Regarding our "troll discussion" earlier in that now locked thread (LOL) then similarly a well-known Russian troll (who cannot even speak or write Russian) that hates Arabs and Islam made me step down to his level in another thread that he derailed with the sole purpose of trolling. In reality I obviously have nothing against Russia or Russians as there is no reason for that.

I need to be better at avoiding silly discussions.
 
Indeed.

Regarding our "troll discussion" earlier in that now locked thread (LOL) then similarly a well-known Russian troll (who cannot even speak or write Russian) that hates Arabs and Islam made me step down to his level in another thread that he derailed with the sole purpose of trolling. In reality I obviously have nothing against Russia or Russians as there is no reason for that.

It's like I said, China and Saudi are the two countries in the world with a huge amount of spare capital to invest, and that capital is going to have huge returns over time. A few decades from now, we will be owning much of the world.

There are plenty of people and vested interests who are upset by this. I like to take it as a compliment, if those trolls are so upset, then we must be doing something right. :azn:
 
I admire you for the accumulation of info you know. Economy stuff never escapes you.:P

I have been a very big proponent of closer Arab-Chinese ties and I have even gone as far as saying that Chinese language should be the second option after English in the Arab world or at least the GCC. Imagine if our people spoke Arabic, English and CHINESE. All 3 major world languages (all in the top 5 in terms of native speakers and speakers in total) and all 3 major trade languages. With the location of the GCC (between Europe, Africa, remaining Asia and being a Peninsula with sea links to the remaining world) this would give us huge advantages.

We can learn a lot from China and Chinese people as I wrote in that other thread that is now closed.

Indonesia suspends maid supply to KSA



I have already discussed my ideas in detail a long time ago in this thread;

GCC and China sign deal to boost cooperation

I believe that we should move towards China now. They are also located much closer than the US. Of course ideally we could/should cooperate with both (as is also the case now) but we should have even closer ties to China also on a personal level.

We as people should also be actively thinking about doing those things and not just talking. This can be done.

China has many other very big partners than us but it would be a good step. Of course things would be very differently if the Arab world was 1 country/unit again. But for now GCC is what we have and good enough. We must enhance military, scientific cooperation etc. We can learn a lot from China as they have some of the most talented people on all fronts. China must be a model on many fronts. Not necessarily the West.
 
Saudi Arabia has the hight surplus in the world. What deficit are you talking about!:lol:

Its we who decided to bring oil prices down and its we who will raise it up again. This is just temporary so don't get ahead of yourself.


CNN reporting mentioned that oil demand in China temporarily has become steady and that has helped bring oil prices down.
 
It's like I said, China and Saudi are the two countries in the world with a huge amount of spare capital to invest, and that capital is going to have huge returns over time. A few decades from now, we will be owning much of the world.

There are plenty of people and vested interests who are upset by this. I like to take it as a compliment, if those trolls are so upset, then we must be doing something right. :azn:

in a few decades own much of the world :rofl::rofl:
that sounds like imperialist speak
oil is going to stay under $100 a barrel for a long long time
you can thank the U.S for that.

sucks to be a socialist/communist like Venezuela right now :butcher:
 
in a few decades own much of the world :rofl::rofl:
that sounds like imperialist speak
oil is going to stay under $100 a barrel for a long long time
you can thank the U.S for that.

sucks to be a socialist/communist like Venezuela right now :butcher:

People aren't forced to sell us their properties and businesses, they sell to us because they make a profit too.

Same with loans. They borrow from us because we have money to loan, and they like the terms.

If they don't like it, they always have the option not to sell. :D But someone else will sell, eventually.
 
I have been a very big proponent of closer Arab-Chinese ties and I have even gone as far as saying that Chinese language should be the second option after English in the Arab world or at least the GCC. Imagine if our people spoke Arabic, English and CHINESE. All 3 major world languages (all in the top 5 in terms of native speakers and speakers in total) and all 3 major trade languages. With the location of the GCC (between Europe, Africa, remaining Asia and being a Peninsula with sea links to the remaining world) this would give us huge advantages.

We can learn a lot from China and Chinese people as I wrote in that other thread that is now closed.

Indonesia suspends maid supply to KSA



I have already discussed my ideas in detail a long time ago in this thread;

GCC and China sign deal to boost cooperation

I believe that we should move towards China now. They are also located much closer than the US. Of course ideally we could/should cooperate with both (as is also the case now) but we should have even closer ties to China also on a personal level.

We as people should also be actively thinking about doing those things and not just talking. This can be done.

China has many other very big partners than us but it would be a good step. Of course things would be very differently if the Arab world was 1 country/unit again. But for now GCC is what we have and good enough. We must enhance military, scientific cooperation etc. We can learn a lot from China as they have some of the most talented people on all fronts. China must be a model on many fronts. Not necessarily the West.
Do you know if there is a specific thread on here about Arab-Asian (not just Chinese) relations?
 
Do you know if there is a specific thread on here about Arab-Asian (not just Chinese) relations?

I have not made any myself. You would have to search about that my friend. In East Asia/South East Asia China matters by far the most and afterwards you got Japan, Indonesia etc. The Arab world got close ties with at least two of them (China and Indonesia).
 
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