CNNMoneyOPEC oil revenues slump to 10-year lowCNNMoneyCollapsing world oil prices also meant that OPEC countries spent more importing goods than they raised from exports for the first time in 17 years. The cartel posted a combined current account deficit o …

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 …

BloombergUS Stocks Drop on Expectations for Higher Interest RatesWall Street JournalStocks rallied on Monday as crude-oil prices hit a fresh 2016 high. Energy shares on Tuesday continued to climb along with oil prices, but weakness in other sectors weighed …

Wall Street JournalSlip in Oil Prices Curbs Global Stocks RiseWall Street JournalGlobal stocks mostly rose Tuesday but pared their steepest gains as oil prices retreated from 2016 highs. The Stoxx Europe 600 was up 0.6% halfway through the session, after r …

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 …

Daily News & AnalysisOil prices likely to remain low for 3-5 years: Mukesh AmbaniEconomic TimesAmbani, the richest Indian, said there have been spikes in oil prices in past. "But never has it (fallen) because there has been more supply than demand. It …

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 …