UK LNG Workers Call On Government To Stop Inbound Russian Tankers

As oil prices reach seven-a-half-year highs, a number of countries in the Middle East have unveiled fiscal measures designed to balance their budgets after two years of pandemic-related spending. Saudi Arabia, the Gulf’s largest economy, in mid-December announced that it expected to post its first budget surplus in eight years in 2022.

The government has estimated that it will achieve a surplus of SR90bn ($24bn) this year, equivalent to 2.5% of GDP. This comes after the Kingdom recorded a deficit of 2.7% of GDP last year, which followed an…