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15 December 2011
The kingdom has set its breakeven oil price at $95/b for 2012, up from $80/b in 2011, and almost double 2008’s $50/b. Rising Saudi Arabian government investment in social programmes, in response to the Arab...
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The kingdom is poised to play a key role in shaping this year’s oil market, but it must maintain a delicate balance between global and domestic demands. James Gavin reports
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