Emirates NBD's El Borno Sees Saudi GDP at 2.8% in 2018

The video discusses Saudi Arabia's budget assumptions for 2018, highlighting a conservative oil price estimate of $50, while analysts predict a higher price of $56. The Saudi budget is the largest fiscal stimulus in its history, aimed at avoiding recession. The video also covers oil price forecasts, GDP growth, and the impact of OPEC agreements on Saudi oil policy. The focus is on managing a sustained rise in oil prices to support the budget while balancing the deficit into the 2020-2023 period.

What does the speaker suggest about the agreement with OPEC and non-OPEC countries?

What is the key parameter that Saudi Arabia is working with in 2018 regarding oil prices?