Oil Prices: Goldman Warns Saudi Arabia Faces $67 Billion Deficit
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Goldman Sachs has projected that Saudi Arabia will face a substantial budget deficit of $67 billion this year due to a significant oil price crash. This economic challenge could potentially impact the kingdom's extensive economic plans and financial stability.
April 12, 2025 | 4:15 am
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The United States Oil Fund may experience price fluctuations due to Goldman's projection of Saudi Arabia's significant budget deficit and potential oil market disruptions.
Saudi Arabia's budget deficit could lead to reduced oil production or market strategy changes, potentially causing oil price volatility and impacting USO's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75