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Sunday, 03/20/2016 1:04:31 PM

Sunday, March 20, 2016 1:04:31 PM

Post# of 13692
(Link)Oil Freeze imminent-Saudi Down Turn Confirmed: With oil prices so low, Saudi Arabia estimated in late 2015 that it ran a budget deficit of $98 billion for the year. The trajectory is unsustainable. S&P downgraded Saudi Arabia’s credit by two notches in February, from A+ to A-.

http://oilprice.com/Energy/Energy-General/Saudis-Turn-To-Capital-Markets-For-10-Billion-Loan.html
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