Even if output is only offline for 2 days (satellite images look worse than that), this shock will not be positive for Saudi… higher oil prices will not offset the hit to production and higher risk pricing will hit regional assets
With the exception of VAT, most of the easy fiscal adjustment has already happened. Further significant and painful reforms are unlikely to be implemented due to the current absence of strong leadership. Alternatives to reform are limited, asset sales are unsustainable and regional support has been patchy, raising questions about Oman’s fiscal position. However, the …
Oman’s governance vacuum threatens fiscal reforms Read More »