Saudi Arabia expects oil revenue to jump by 46 percent next year after a deal between the kingdom and other producers to curb output drove up global prices. The world’s top oil exporter expects to collect 480 billion riyals ($128 billion) from oil sales in 2017, compared with 329 billion this year, the Finance Ministry said in a budget statement Thursday. Non-oil revenue will climb 6.5 percent next year to 212 billion riyals, it said. Oil prices have rallied since the Organization of Petroleum Exporting Countries, of which Saudi Arabia is the largest member, reached a deal with other producers to curb output next year. The budget is based on the assumption that global producers cut output as promised, Saudi Energy Minister Khalid Al-Falih said. Benchmark Brent crude traded above $55 a barrel on Thursday, almost double its low in January. “The oil-revenue increase is in line with the […]