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Analysts say oil price to be around $60 in 2015

Saudi Arabia’s 2015 state budget is set around an assumption related to the price of oil. The budget has been prepared after setting the price to be around $60 per barrel of Brent crude. In the past, the UAE has not revealed the oil prices they assume before drafting budget. Instead, the prices are estimated by other analysts who make assumptions about other variables such as planned oil exports and production for the year.

For the 2015 budget, the prices are estimated to be in the range of $55 to $63. These prices do not suggest that Saudi Arabia is expecting these prices next year as no one knows when the prices will start rebounding. The $60 assumption simply means that it is a baseline for the next year’s revenues. If the price of Brent crude is more than $60, there will be an increase in the revenue but if the price is less than $60, it means there will be less revenue than predicted.

The oil prices are a deciding factor in the Arabian country budgets. In past years, Saudi budgets were commonly based on their calculations on oil prices far below current levels.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online ("resilier.com"); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "gust.com", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

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