GCC states

Saudi Arabia Able to Withstand Oil Prices: Saudi FM

Saudi Foreign Minister, Adel al-Jubeir, has announced that Saudi Arabia can withstand the impact of low oil prices on state revenues and economic growth, reported Reuters.

GCC Rig Counts on the Rise Despite Oil Price Slump

As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack.

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