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DUBAI, UNITED ARAB EMIRATES (MAY 24, 2017) (REUTERS) (SOUNDBITE) (English) THOMAS STREATER, HEAD OF RESEARCH, MB COMMODITIES CAPITAL, SAYING: "Their (Saudi Arabia) financial position has improved because of the increasing oil price but also because of debt issuance. They've issued massive amounts of debt, but this is not a sustainable thing for their economy. So, they'll want to rather have higher oil prices rather than borrowing more money to fund the spending needs."

Opec Extends Oil Output Cut By Nine Months - Analysts Comment

Item ID: 110578029

By: Reuters

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