| The Saudis are also running budget deficits attributed to the prolonged oil price down turn. Saudi investors monitor stocks at the newly opened exchange market department at the National Commercial Bank (NCB) in Riyadh on November 12, 2014. The Saudi stock market rebounded last week as markets in the rest of the region fell.
However, the real problem for Saudi Arabia is the more than two year free-fall in global oil prices and a massive loss of revenue. You have to hand it to Saudi Arabia. The Kingdom ruled global oil markets for nearly 40 years, increasing or decreasing production as it willed, playing the role of global oil markets swing producer...............................................Full Article: Source
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