Reports suggest that Saudi Arabia may be preparing for a return to an oil policy in which it raises output more quickly in order to recapture market share. While that might lift oil revenues, it won't avoid the need for further fiscal consolidation, which could result in more cuts to spending on the Kingdom’s gigaprojects.
Drop-in: We will be hosting a 20-minute online briefing to discuss recent developments in the global oil market and how OPEC+ moves forward, as well as what this all means for the Gulf economies. Register here.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services