Oil
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
The report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
The total value of commodity exports stood at $77.77 billion
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
