The International Monetary Fund (IMF) gave a presentation on its regional economic outlook for the Middle East yesterday, and there was one point that the media latched on to. The IMF announced the budgetary break-even points it had calculated for oil exporters for 2018. Saudi Arabia, the IMF asserted, will need to sell oil at $70 per barrel in order for the country to fully fund its 2018 budget.

 

This article was originally published in Forbes