Sunday 27 September 2020

Oil prices have plummeted in the past 12 months

Oil prices plunge fuels budget fears in Bahrain

MANAMA, August 26, 2015

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed “Black Monday” – combined with a glut of crude oil coming out of the US – have fuelled the price plummet, said a report in the Gulf Daily News (GDN), our sister publication.
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Tags: Bahrain | Oil | Budget | price | fear | plunge |

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