Financial Times | Saudi Arabia's balancing act with the price of oil Financial Times For Saudi Arabia, the rebound in the oil price over the past year has been a strategic triumph. Its diplomacy, including an entente with longstanding rival Russia, led to a late 2016 agreement between Opec and other large producers, restricting oil ... Saudi Arabia says higher oil prices won't change the pace of its reforms Saudi Arabia's Economic Revamp Is Still an Oil Story Saudi Arabia needs oil at $85-$87 a barrel to balance budget: IMF official |