Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed “Black Monday” – combined with a glut of crude oil coming out of the US – have fuelled the price plummet, said a report in the Gulf Daily News (GDN), our sister publication.

 

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