After a brief hiatus, Saudi Arabia faces renewed growth and financial stability problems

06 Sep 2019

While preparing for a future protected from the vagaries of the oil markets, Saudi Arabia is likely to struggle with lower oil revenues as it attempts to shore up global markets.  It is getting very little help from other OPEC and OPEC+ members, and the more it undergirds prices the more the dynamic US oil sector forges ahead.  2018 was a calmer year for the kingdom’s oil sector and fiscal situation. Stronger oil prices and a more stable domestic policy environment put the kingdom’s finances on a stronger footing. The country now has ambitious plans to carry out, including Saudi Aramco’s initial public offering (IPO), as the global financial and economic landscape becomes more difficult.