The breakeven oil prices that Middle Eastern countries need to balance their state budgets are largely projected to fall in 2021 and 2022 on expectations of higher oil prices and economic recoveries, according to the International Monetary Fund’s regional outlook for Middle East and Central Asia. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Saudi Arabia’s breakeven price is expected to drop to $76.20/b this year from $77.90/b in 2020, and fall further to $65.70/b in 2022, according to IMF data released April 11. Meanwhile, Oman’s breakeven price will fall to $72.30/b in 2021 from $95.80/b in 2020 while the UAE’s breakeven price declines to $64.60/b from $68.20/b in 2020, the IMF said. In contrast, Kuwait’s fiscal […]