Saudi Arabia plans to disentangle itself so thoroughly from the crude oil industry that oil prices won’t play a significant role in shaping the country’s fiscal policies, Saudi’s Finance Minister Mohamed Al-Jadaan said Wednesday at a conference in Riyadh. “Our aim is within the period to 2030 we don’t even look at the oil price,” Al-Jadaan said. Saudi Arabia is currently heavily reliant on crude oil revenues, and oil prices play a major role in dictating the country’s budget and fiscal policies. But per the country’s Vision 2030 plan, Saudi Arabia’s non-oil revenues will soon cover a much larger chunk of the budget ... (full story)