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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (95090)10/6/2020 2:38:34 PM
From: Goose94Read Replies (1) of 202843
 
Crude Oil: Saudi budget plans for $50 oil in 2023 Riyadh is forming a budget that assumes oil remains at about $50 per barrel for the next three years. The IMF estimates that Saudi Arabia needs oil at about $66 per barrel to break even next year.

A new study from Deloitte predicted that 7 out of 10 jobs lost this year as a result of the oil market downturn will not come back by the end of next year, suggesting that some job loss will be semi-permanent. The U.S. oil, gas, and petrochemical sector shed about 107,000 jobs between March and August, and only about 30 percent will return.
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