How low oil prices are battering the MENA region

A recent report by the IMF states that if the price of oil continues to plummet, most oil-producing countries in the MENA region may potentially lose some $300 billion in revenues in 2016 alone. With prices at historic lows, oil industry executives do not expect oil to return to the $100 a barrel price range anytime in the near future, writs Knowledge@Wharton

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