More Bad News For Oil: Saudis Are Handling Crude Crash Better Than Expected

Monday, December 28, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/28/2015

Saudi Arabia has released its official budget numbers for 2015 as well as projections for next year. As it turns out, Riyadh is weathering the storm better than analysts expected, meaning the war of attrition with US producers is likely to continue for the foreseeable future, meaning “lower for longer” oil prices and even more shale defaults in the future.

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