Saudi Arabia will see the biggest drop this year in the oil price needed to balance its budget as Riyadh curbs spending amid the crude-market rout. The kingdom’s fiscal break-even will fall to $66.70 a barrel from $94.80 in 2015, the International Monetary Fund said on Monday. The 30 percent drop is the steepest among a group of Middle East and North African OPEC members reviewed by the IMF. While that break-even remains above current market prices, the trend shows Saudi Arabia is adjusting to […]