CNNMoneySaudi Arabia to run out of cash in less than 5 yearsCNNMoneyLow oil prices will wipe out an estimated $360 billion from the region this year alone, the IMF said. Huge budget surpluses are quickly swinging to massive deficits as oil prices have cras …

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 …

Financial TimesShell warns of risk of oil price spikeFinancial TimesRoyal Dutch Shell on Tuesday warned of the risk of a “spike” in oil prices should Opec keep pumping flat out in the face of an expected decline in output after spending cuts by energy grou …

Wall Street JournalGlobal Oil to Cut Spending by $130 Billion, OPEC SaysWall Street JournalLONDON—Global oil investments are set to be slashed by a staggering $130 billion this year, crimping supplies and ultimately boosting prices, OPEC's chief said T …

MarketWatchOPEC chief: Oil prices will rebound as investment is slashedMarketWatchEl-Badri said OPEC expects global investments in oil and gas projects to be reduced by 22.4% this year. At the same panel, Fatih Birol, head of the International Energy Agenc …

Wall Street JournalOPEC Chief Sees Oil Price Rising on Investment CutsWall Street JournalLONDON—Oil prices are set to rebound as steep cuts in global oil investments crimp supplies, OPEC's chief said Tuesday, and added that he was open to discuss the c …

The ripple effect: oil shock threatens Newfoundland growth 6:16CBC.caIt was a tell-tale sign when East Coast Catering of St. John's laid off 44 workers in September. The company supplies meals and housekeeping services to Newfoundland's offshore oi …

Newfoundland's oil ripple effect: As prices fall, commuting workers stay homeCBC.caIt was a tell-tale sign when East Coast Catering of St. John's laid off 44 workers in September. The company supplies meals and housekeeping services to Newfoundland …

Wall Street JournalIraq Warns Oil Companies of Spending CutsWall Street JournalIraq's oil ministry has issued a stark warning to the international oil companies running its energy sector that it will slash spending in 2016 as the country feels the full …

Middle East Stocks Climb Led by Dubai After Oil Bounces BackBloombergDubai stocks rose for a second day after oil prices had the biggest-weekly jump in more than six years. Abu Dhabi equities also rallied. The DFM General Index gained 2.7 percent to 3,747. …