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In One Chart: Saudi Arabia’s worst-case oil scenario might surprise you

Saudi Arabia might not be as frustrated as one would expect by the oil market’s weakness in the face of a coordinated cut by major global crude producers.

The Saudis are playing a longer game, write analysts at RBC Capital Markets, in a Thursday note. That’s because the key elements of the country’s ambitious Vision 2030 program to wean its economy off oil are 2018 events, notes Helima Croft, RBC’s global head of commodity strategy. That includes the crucial partial listing of state-owned Saudi Arabian Oil Co, known as Saudi Aramco, which could value the firm at as much as $2 trillion.

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