Saudi Arabia's Economy Can Ill Afford Oil-Price War It Began.

(Bloomberg) -- Saudi Arabia's Crown Prince Mohammed bin Salman has just started an oil-price war. "Saudi Arabia has larger fiscal and currency reserves so can withstand low prices for a while, but its cushions are about a third smaller than they were in 2014 during the last oil price collapse, so a protracted price war would be damaging". [Extracted from the article]