Dec. 31 (Bloomberg) -- John Sfakianakis, chief economist at Saudi British Bank, talks with Bloomberg's Erik Schatzker about the impact of lower oil prices on sovereign wealth funds in the Persian Gulf.

Crude oil's biggest decline since 1983 may push the biggest oil producers in the region into budget deficit, limiting the nations' ability to invest in foreign companies stung by the global credit crisis. (Source: Bloomberg)

00:00 Impact of oil drop on sovereign wealth funds

Running time 03:11

Last Updated: December 31, 2008 07:51 EST