Читать книгу Corporate Governance - Quantity Versus Quality - Middle Eastern Perspective - Saleh Hussain - Страница 12

Oil prices,which saw their peak in the middle of 2007 at around US$150 per barrel, took a dive in late 2008 to approximately US$36 per barrel, contributing further to a squeeze in liquidity that oil-exporting countries were experiencing.

Economists' forecasts for the oil price for 2009 varied from US$30 to US$70. At any level below US$50, oil-exporting countries will have liquidity and budget deficit issues, as some of them based their budgets for 2009 and 2010 on prices ranging from $50 to $60.