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Middle East: Dramatic fall in cash burn
Nov 01: The Middle East has worked hard to bring down the oil price break-even levels for their economies ever since the oil crisis came to the fore.
8Saudi Arabia has led the pack to slash subsidies and raise taxes in order to bring down the break-even point to a level which is now within its reach.
8Many of the Gulf countries' economy-wise spending is lower now than the current oil price.
8The cash burn is coming down rapidly
8This is a remarkable achievement indeed
8The projections for 2018 look even better.
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