When the oil price dropped from a record high of $115 per barrel to $56 a barrel last year, the Saudi Arabian state of Saudi Arabia took a big hit.
The kingdom’s economy and financial system have been ravaged by a severe recession, and its government has been in a state of collapse for more than two years.
In February 2017, the oil ministry declared that the country was no longer solvent, and it has struggled to fund the government and its programs.
So what has caused the decline in the price of oil?
The kingdom has seen several factors in recent months, which has led to the decline.
The government has struggled to fund its programs.
Its economy has been ravaged, and its government has struggled to keep its people off the streets.
For its oil industry, the drop in oil prices has been a huge blow.
Last month, the kingdom announced it was closing the Al Qa’eda field in the North Sea, which is home to two of the world largest oil fields.
Saudi Arabia is a major exporter of oil, and the country has been unable to produce its needed oil for years due to its dependence on oil exports.
But it also has a large amount of oil reserves.
It has said that the Saudi Arabian oil industry is the largest in the world, and the country will need to continue pumping it for many years to come.
While it will take years for Saudi Arabia to be able to restore its oil production, the government has pledged to reinvest in its economy.
According to the government, it will be able to pay back the US$40 billion of investments made in the company in 2018.
What has caused Saudi Arabia’s economic woes?
According to Bloomberg Businessweek, Saudi oil exports are expected to decline in 2018. They will fall by 2.4% to $37.7 billion, according to Reuters.
That’s a 3.4 percent decline from the year before.
Meanwhile, solar and wind energy are expected to declare a 6.5% declining to $19.9 billion, according to Bloomberg.
Both of those energy sources will continue to make up 50% of Saudi oil production in 2019.
But Saudi is also planning to ramp up surgical and medical technology to deal with the growing health threats.
Saudi will continue to increase medical technology spending in 2018.
However, some health care sector experts have warned that Saudi’s medical infrastructure isnt enough.
This could also lead to a recession in Saudi.
With the oil price declined to record lows, its economic situation has worsened.
Saudi’s economy has been struck by a severe crisis.
Its government has been in a state of collapse for more than two years.
And it has troubled to keep its people on the streets to avoid financial collapses.
This is not a drought.
These are not droughts. These are a lot of things going on.
It is a very different world than it was before.
To see what else is going on in the oil industry in Saudi Arabia, follow the video below: