Amid the recent decline in global demand on oil due to the corona virus pandemic, oil prices have broke the 30$ mark and are continuing to decrease, OPEC and GCC Countries will have to fight their way through a tough fiscal budget this years with up to 12% of their GDP is deficit in some cases.

GCC Countries will struggle to maintain their cashflow with significant amounts of oil floating in the global markets waiting to be bought let alone easier pay terms if the deals are sealed. This uncomfortable situation will increase the complexity of the financial situation of oil-addicted economies.

Falling oil and gas prices, an ongoing threat.

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