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Saudi Arabia budget

Gulf Fiscal Breakeven at $102 Oil: Who Wins Most? (2026)

Analysis

At $102 Oil, Which Gulf State Wins Most? A Fiscal Breakeven Comparison for March 2026

With Brent crude at $102 per barrel, every Gulf state except Bahrain is running a fiscal surplus in March 2026. Qatar leads with a breakeven of just $45/bbl, while Saudi Arabia posts a surplus despite…

Mar 17, 2026