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Cheap oil pushing exporters into deficit

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).
Yea, I agree and there has recently been an increase in jordanian/Chinese cooperation and I wanted to know where I can post the articles about that. It's definitely smart for Arab countries(at least the stable ones) to not rely on the west too much.
 
Yea, I agree and there has recently been an increase in jordanian/Chinese cooperation and I wanted to know where I can post the articles about that. It's definitely smart for Arab countries(at least the stable ones) to not rely on the west too much.

Please feel free to use that thread I linked to. I will ask the moderators to change the title to Arab-Chinese cooperation. Please also feel free to post more threads dealing with Jordan and educating us. We might get an interesting discussion out of it. Jordan is close to our hearts.

Here is that thread I am talking about;

GCC and China sign deal to boost cooperation
 
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.

The graphic refers to fiscal (budget) deficits, not current account deficits. That said, Saudi Arabia is well positioned to weather any [short-lived] downturn in oil prices, because its external debt/GDP is only approximately 20%. That's why Saudi Arabia is helping to drive down the price--to make everyone else suffer, and gain market share. Let's enjoy it while it lasts.
 
as can be seen Saudi Arabia isnt as cheap to produce oil like it used to be during the cold war while Russia very much improved despite it being much harder to explore due to size, geography and climate yet only 10$ is separating to Saudi Arabia. Russia stole massive data from american oil companies with hacking their computers. We will further develop our oil industry and become even more competitive.
 
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