BloombergHow the Second-Richest Arab Nation Is Reacting to Oil ShockBloombergAl-Saleh, the minister of finance and the country's acting oil chief, is pushing a plan to reduce Kuwait's reliance on oil, a challenge shared by major crude exporters fro …

Wall Street JournalAs Oil Reserves Dwindle, Russia Weighs Tax Increases to Fill Budget GapsWall Street JournalMOSCOW—Russia is exploring a raft of potentially unpopular new tax measures in the coming years, government officials say, as the oil-dependent co …

BloombergSaudi Arabia plans $2-trillion megafund for post-oil eraEconomic TimesAs part of that strategy, the prince said Saudi will sell shares in Aramco's parent company and transform the oil giant into an industrial conglomerate. The initial public o …

FuelFix (blog)US oil trades at $40FuelFix (blog)West Texas Intermediate oil has surged about 50 percent since slumping to a 12-year low last month on speculation a global surplus will ease. American shale output is falling and some of the world's bigge …

CNNMoneyCheap oil hits Middle East budgets: We can no longer 'provide for everything'CNNMoneyRobin Mills, CEO of oil consultancy Qamar Energy, said the move triggered a domino effect. "Once one country feels able to take the step of removing s …

CNNMoney5 countries crushed by oil price collapseCNNMoneyOil has collapsed below $37 a barrel, compared to over $100 in mid-2014. Global oil glut, OPEC's determination to pump like there is no tomorrow, and slowing demand from China and other countries …

BloombergSaudis Plan Unprecedented Subsidy Cuts as Oil DropsBloombergConfronting a drop in oil prices and mounting regional turmoil, Saudi Arabia reduced energy subsidies and allocated the biggest part of government spending in next year's budget to de …

BloombergSaudis Plan Unprecedented Subsidy Cuts to Counter Oil PlungeBloombergConfronting a drop in oil prices and mounting regional turmoil, Saudi Arabia reduced energy subsidies and allocated the biggest part of government spending in next year's bud …

Telegraph.co.ukSaudi Arabia unveils record deficit as it succumbs to oil price routTelegraph.co.ukThe country's deficit rose to 367bn riyals (£66bn), after government spending rose 13pc above officials' plans in the wake of declining oil prices and …

BloombergSaudi Arabia Said to Delay Contractor Payments as Oil SlumpsBloomberg“It's hard to hold back from boosting spending when oil is on the rise, but very hard to cut when oil prices fall,” Simon Williams, chief economist for central and eastern Eu …