Saudi Oil-Price Cushion Fades, Financing Needs Could Double

Saudi Arabia's financing needs could double in size as the country struggles to cope with declining oil prices, according to market talk.

The kingdom has traditionally relied on its vast oil reserves to fund its government and development projects. However, with oil prices having fallen significantly in recent years, Saudi Arabia is facing a daunting challenge in meeting its financial obligations.

This could lead to increased borrowing for the country, potentially straining its finances further.