Weak oil prices squeezing Saudi Arabia’s coffers, but reserves won’t run dry – for now | The National:
"The squeeze on Saudi Arabia’s state finances is mounting as oil prices fall but the latest official figures suggest the world’s top crude exporter still has at least several years before it faces a budget crunch.
Brent oil sank last week below US$50 a barrel, near six-year lows, from $70 three months ago. That promises to increase the rate at which the kingdom is drawing down its foreign reserves to cover its budget deficit.
A study by a former Saudi central bank official says the world might have entered a sustained period of low oil prices, leaving Riyadh vulnerable down the road."
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