Al-Arabiya | Saudi Arabia's efforts toward diversification cushion oil price drop Al-Arabiya Although Saudi Arabia has substantial financial reserves to withstand low oil prices over the next few years, recent government spending has intensified the need for longer term fiscal, environmental and resource sustainability in the Kingdom ... Oil down second day, weekly gain cut on Saudi output worry Retreat of 'peak oil': supply, demand unexpectedly expand global surplus Imports of Iranian crude highest since sanctions imposed: IEA |