Kuwait Min Says Worried Budget Gap If Oil $30-$40/Bbl - Wall Street Journal

TOKYO (Zawya Dow Jones)--Kuwaiti Oil Minister Sheikh Ahmad Abdullah Al Sabah said Friday the government is worried it will incur a budget deficit if the oil price falls to an average of $30-$40 a barrel this year.

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However, he added that it would be comfortable if the oil price averages $50-$60 a barrel in 2009 and $70/barrel or more over the next three years. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.

Full Story: Kuwait Min Says Worried Budget Gap If Oil $30-$40/Bbl - Wall Street Journal