CNNMoney | Oil slump has hit Saudi Arabia's spending: Prince MarketWatch The slump in oil prices that began in 2014 forced the government to cut public spending and to fundamentally rethink the country's economic model. The austerity measures introduced so far have succeeded in reducing the kingdom's budget deficit to ... What Mexico's Falling Exports Mean For Oil Prices Saudis take 100% control of America's largest oil refinery Aramco Cuts Asia Oil Pricing as Saudis Seen Losing Market Share |