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A comment on Saudi stocks slump as minister warns of ‘painful’ measures ahead. Parent comment

Re:Saudi stocks slump as minister warns of ‘painful’ measure... by m3kw9 on Sunday May 03, 2020 @07:32PM (#23062773)
Can you explain what it means to balance the budget? Is it like break even price for the industary?
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Re:Saudi stocks slump as minister warns of ‘painful’ measure... by Marsymars on Sunday May 03, 2020 @07:58PM (#23062917)
To add to the other reply - the dollar per barrel price required to balance the national budget is typically much higher than the price required for the oil extraction to break even.
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Re:Saudi stocks slump as minister warns of ‘painful’ measure... by pmorici on Sunday May 03, 2020 @07:41PM (#23062825)
In countries like Saudi Arabia they fund their government budget via oil revenue.
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