With income from oil accounting for about 90 percent of revenue in the Arab world’s largest economy, a drop of more than 40 percent in crude prices in the past 12 months has put pressure on the nation’s finances.
Thirty-seven years to the day after Benny and Frida from ABBA were married, and the recurring theme of ‘the winner takes it all‘ emerges once more in the global oil market. OPEC Secretary General Abdallah Salem El-Badri is on the wires today after rumors are stoked once more of a potential collaboration between OPEC and non-OPEC […]
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