CNBC | How long can Saudi Arabia live with $30 oil? CNBC The country has been forced to cut government spending in its upcoming budget and increase production of crude oil—even though its hardly worth pulling it out of the ground. Still, the world's largest producer of oil appears on a crash-course for ... Analysts: Global deal to cut oil production unlikely Oil-Price Poker: Why the Saudis Won't Fold 'Em The Apophis Syndrome, Or The Oil Price Dilemma |