A specialized economic report revealed that the Kingdom will maintain its crude oil production without a substantial change that may affect its market shares, and ruled out major changes in OPEC's policy at its meeting scheduled for early December, noting that OPEC will not cut its production unless producers outside the organization follow a policy of reducing production in a way that does not affect the interests of both sides, according to a specialized economic report, noting that OPEC will not cut its production unless the producers outside the organization follow a policy of reducing production in a way that does not affect the interests of both parties. The monthly change in government accounts at SAMA.<\/p>\n
The report by Jadwa Investment also noted that the monthly net change in government accounts with SAMA turned positive in October for the first time in eleven months. The report attributes this to a decline in government spending compared to the first months of the year.<\/p>\n
Non-oil exports continued to decline on a year-on-year basis, falling 31.6 percent in value and 18.6 percent in volume in September, the report said, citing weak global demand that has continued into the current period of 2015.<\/p>\n
SAMA's foreign reserves fell to $644 billion in October, compared to $651 billion in the previous month. However, monthly net withdrawals continued to slow from their levels in the first half of 2015, reflecting the effectiveness of the new funding strategy.<\/p>","protected":false},"excerpt":{"rendered":"
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