Forbes | Saudi Arabia Preparing To Fuel Its $100 Billion Oil War With Debt Forbes Saudi Arabia has probably spent around $100 billion of its foreign reserves by now to prosecute its war against American shale and other low-cost oil producers. The oil kingdom's decision one year ago not to cut production to support oil prices has ... OPEC Chief Sees Oil Market Balanced in 2016 on Demand Growth Low oil prices could force the Saudis to borrow hundreds of billions of ... Low Oil Prices Will Not Last - Saudi Arabia |