Wow, how many times have it been said: Saudi Arabia can't "make it' on $60 oil. More corroboration / more validation:
Foreign Foreign Exchange Reserves in Saudi Arabia decreased to 1687980 SAR Million in January from 1701209 SAR Million in December of 2020.
It doesn't matter how Saudi Arabia spins this story, this is really, really bad news. Remember: January is a 31-day month; February, at least here in the USA, is a 28-day month.
All things being equal, February, 2021, should be significantly worse.
