Research: Saudi Arabia’s finances in the wake of lower oil prices

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Oil: Economic Landscape of Saudi Arabia

By Erik Norland, Senior Economist, CME Group

Highlights: 

  • Saudi Arabia’s currency reserves drained by decline in oil prices
  • Listing of state oil company Aramco could bolster Saudi finances
  • Proceeds to be used to diversify Saudi economy from oil
  • A 5% stake in Aramco could be worth $1-$2 trillion