Skyscrapers in Riyadh, Saudi Arabia. Photographer: Waseem Obaidi/Bloomberg Saudi Arabia is budgeting for Brent oil at around $76 a barrel next year, according to Al Rajhi Capital, an outlook in line with current forward prices but far more bearish than expected by analysts. The Finance Ministry said in a preliminary budget statement on Friday that it projects revenues next year at 1.12 trillion riyals ($298 billion), higher than a previous estimate published in December of 968 billion riyals. It envisages a budget surplus of 9 billion riyals, lower than estimated earlier.