Updates
April 29, 2017: I'll post the March data when that's released but over at twitter someone says Suadi Arabia's foreign reserves were down another $5.4 billion in March to $508.6 billion (lowest since mid-2011). The monthly range seems to be $3 billion on the low side to as much as $14 billion on the high side. I would say that anything above $5 billion / month is more than noteworthy.
Original Post
This was "last month's" graphic:
That drop from December, 2016, to January, 2017, was ... shocking?
And it's not getting any better.
First, via twitter today: the narrow Brent-Dubai spread makes Atlantic basin oil cheaper for Chinese buyers.
Second, the graphic:
The x-axis had to be "adjusted" for the most recent data:
Source: http://www.tradingeconomics.com/saudi-arabia/foreign-exchange-reserves.
This graph takes us back to mid-2015:
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