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The recent crash in oil prices threatens to hinder MBS's ambitious and over budget Vision 2030 project and exacerbate their economic crisis. So in this video we'll explain why Saudi Arabia wants to reduce its reliance on oil and why it's so hard to do so.
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Recent Saudi deficit data www.bloomberg.com/news/articles/2025-05-06/saudi-a…
Role of oil in Saudi economy www.worldfinance.com/strategy/the-sun-is-setting-o…
Saudi employment data www.sercoinstitute.com/news/2022/are-saudis-for-sa…
Saudi recession data www.bloomberg.com/news/articles/2024-05-01/saudi-e…
Saudi govt spending tradingeconomics.com/saudi-arabia/government-spend…
Goldman estimates on Saudi budget www.bloomberg.com/news/articles/2025-04-10/saudi-a…
Why Saudis are increasing production www.bloomberg.com/opinion/articles/2025-05-01/opec…
Bloomberg breakeven price estimates
www.bloomberg.com/news/newsletters/2025-04-07/trum…
0:00 Intro
1:10 Vision 2030 Explained
4:07 Saudi Plan for $100 Oil
6:05 Can Saudis Cope with $60 Oi
TLDR News Global
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