Riyadh may tighten spending or raise taxes, while analysts warn the deficit could exceed $67 billion if Brent averages $62 ...

Saudi Arabia experienced a substantial $15.6 billion budget deficit in the first quarter of 2025, even before the recent major oil price slump, highlighting increasing fiscal pressure on the nation.

Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but ...