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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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