IMF Warns of Sharp Fall in Saudi Oil Revenues in the Coming Years

The International Monetary Fund (IMF) has issued a warning that Saudi Arabia is poised to experience a significant decline in its oil revenues throughout this decade. IMF forecasts suggest that the kingdom’s dominance in oil exports and the associated income may be jeopardized due to its persistent reliance on the hydrocarbon market. A key factor in this context is the increasingly competitive market for energy resources and the rising competition from other exporting countries.

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