Oil
Budget gap prompts focus on economic diversification
Commits to supply up to 18 million barrels annually
China oil export shares have risen to approximately 45 to 50 percent
Office of Petroleum Reserves purchased oil at an average price of $77.31 per barrel
Kingdom’s economy shows growth, driven by a strong private sector
Settlement of oil sales in currencies of Russia-friendly countries on the rise
Law will come into effect on January 1, 2024
IMF warned of "fiscal and external sustainability risks" from "large" budget law expansion
Saudi Arabia's records A rating with a stable outlook
Due to its robust oil production
Fed's accommodative stance may boost prices through increased demand
