Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers this year and next, with the breakeven oil price for Saudi Arabia dropping to $65.70 in 2022 from $77.90 in 2020, the International Monetary Fund (IMF) said . In its regional economic outlook published on Sunday, the IMF forecasts that all oil exporters from the Middle East and North Africa (MENA)—except for Iran—will see their fiscal breakeven oil price, the oil price at which the fiscal balance is zero, lower in 2022 compared to previous years. The expectations are based on assumptions that the authorities will keep the current policies in place and that the simple average of the Brent, Dubai Fateh, and WTI crude oil prices would be $52.64 a barrel in 2021 and $50.07 a barrel in […]