Saudi Arabia Is Prepared for Multiple Oil Price Scenarios

Saudi Arabia’s goal is long-term oil market stability, while the Kingdom is always ready for multiple oil price scenarios, Saudi Minister of Economy and Planning, Faisal Alibrahim, said on Tuesday. “We're always ready for scenarios - multiple scenarios, and we have buffers,” Alibrahim said at the Qatar Economic Forum in Doha. “We have the long-term fiscal planning and medium-term frameworks that help us adjust depending on what scenario actually plays out,” the Saudi official added. On the energy markets and oil, Saudi…