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Oman ranks after Bahrain in terms of fiscal break-even oil price

March 16, 2014 3:25 am

International credit ratings agency, Moody’s Investors Service has said that Oman’s fiscal break-even oil price, or the price of oil at which the country’s fiscal account is balanced, is the second-highest in the GCC and is on an upward trend, Muscat Daily has reported. The sultanate’s public expenditure increase has already outpaced new revenue, and its fiscal break-even oil price is estimated to be closer to $100 per barrel (bpd) in 2014, the second highest in the GCC after Bahrain, which faces a much higher fiscal break-even oil price, Moody’s said.