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December 2014
December 27, 2014
Saudi Arabia Faces $38 Billion Budget Deficit
Saudi Arabia has announced a budget deficit of $38.6 billion for 2015, attributed to falling oil prices. The government plans to maintain spending despite the…
December 15, 2014
Oil Prices Decline Again
Oil prices have dropped again, reaching levels not seen in five years, attributed to market conditions and increased U.S. shale production. OPEC's Secretary-General has indicated…
December 10, 2014
Global Oil Prices Plummet by Five Percent, Approaching $60
Global oil prices have dropped significantly, with Brent crude falling to $63.56, attributed to increased U.S. shale production and reduced demand. Saudi Arabia's oil minister…
December 8, 2014
Oil Prices Drop by Four Percent to Lowest Level in Five Years
Oil prices have dropped significantly, reaching their lowest levels in five years, with predictions of further declines. Key players like Morgan Stanley and OPEC countries…