Business Insider Australia | Saudi Arabia needs to get to grips with cheap oil The Economist Oil-rich Saudi Arabia is used to big bills. But for the past year the kingdom has aimed to keep the price of oil low by increasing production in an effort to undermine rivals and gain market share. As the price has collapsed, so too has government ... Saudi Arabia targets Russia in battle for European oil market BARCLAYS: Oil prices are going to come surging back much faster than the ... Cheap oil driving up interbank rates |