Saudi Arabia Continues To Burn Through Cash; Economic Collapse Possible -- Forbes -- October 15, 2016

Link here.

• 92% of its revenue from oil sales
• 2015: record-breaking budget deficit, $98 billion
• 2016: budget deficit estimated to be $87 billion
• forced to raise cash in first international bond sale, $16.5 bilion
• Saudi Aramco IPO, 2018, valued at $2 trillion 
• Saudi's population: nearly 30% less than 15 years of age

Tea leaves suggest deal will be announced in November, but there's no way the deal will be enforced, and even if it was (enforced), it would have effect. A 1% cut against what Canada and the US can produce is meaningless.