People Protest Over Lack Of Jobs In Gulf Oil Producer Oman ...Middle East

People took to the streets in cities in Arab Gulf oil producer Oman this weekend and on Monday in protest over the poor economy and lack of jobs, the Associated Press reports. Oman, a non-OPEC oil producer but part of the OPEC+ alliance, has been hit very hard by the oil price and demand crash in 2020, and is looking to raise additional funding while cutting government expenditures. According to the latest assessment by the International Monetary Fund (IMF) in its regional outlook published last month, Oman’s fiscal breakeven oil price –the…

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