The recent drop in oil prices has become a significant factor that could dramatically change the financial landscape of Saudi Arabia and its ambitious economic goals. Predictive analytics from Goldman Sachs project that the kingdom’s budget deficit may reach $67 billion this year. This figure is more than double the government's initial expectations for the end of 2025 and poses additional challenges for Crown Prince Mohammed bin Salman.
Recent days have brought considerable volatility to the global oil market, which has witnessed a significant decline in oil prices following unforeseen events. Decisions made by President Donald Trump and unexpected changes in production from OPEC+ created a double shock that swiftly altered the energy landscape.