Saudi Arabia: How Long Will Its Buffers Last If Oil Prices Stay Low?

By- Ali Aissaoui*

For all their differences, OPEC countries share the same uncertain outlook: they can hardly insulate their economies from the vagaries of international oil markets. Yet almost all seem to be trying to defy the current oil price collapse by pursuing to varying degrees counter-cyclical economic policies. This is particularly the case of core OPEC countries including Saudi Arabia, the...