From the World Freedomist, the Saudi oil boom may be coming to an end. The IMF warns Saudi Arabia it may need to change how it spends money within the Kingdom in light of low oil prices.
IMF tells Saudi Arabia to Change Spending Due to Low Oil Prices
The free ride of oil might be coming to an end for the Saudi Kingdom.
The IMF (International Monetart Fund) recently issued a warning to Saudi Arabia that it better start cutting its domestic energy subsidies, as well well as its public sector wage bill. The IMF issued this warning in the wake of the consistently low oil prices, which hit a 6-year low recently, coming in at $42 a barrel.