Citi's two benefits are a tiny silver lining to the plethora of negative consequences faced by the resource-rich region from Brent crude's 45 percent year-to-date decline. Most analysts see lower prices doing more harm than good for both exporters and importers alike.
"Most Middle Eastern governments are not going to get the revenues they require for their budgets, so it [cheap oil] could put political and domestic pressure on them, especially with the ISIS issues in Syria and Iraq," said Barry Dawes, head of resources at Paradigm Securities.
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The argument is that the headwinds faced by exporting nations in the Gulf will also hurt importers like Egypt in the form of diminished aid and investment.
"Prices at these levels are not geopolitically sustainable. If you look at the break-even fiscal budget for most OEPC nations, all but two are well above $80 and several are above $100. That's what it takes to keep the Arab Spring and civil unrest at bay. Even Saudi Arabia, with their large fiscal reserves, won't be able to handle current prices for too long," Gina Sanchez, chairwoman and founder of Chantico Global told CNBC earlier this month.