Saudi King Hands Out Pink Slips and Bonuses

RIYADH, Saudi Arabia — Less than a week after ascending the throne, King Salman of Saudi Arabia issued an array of royal decrees on Thursday — abolishing government bodies, changing…

Gas prices finally stop falling

Other factors in the price slide are increased oil production in the United States, which last year passed Saudi Arabia as the world’s largest oil producer; decreased demand from slowing…

Who is Saudi Arabia’s new King Salman?

The man taking control of the world’s top oil exporter is well established in the Gulf kingdom’s corridors of power. Salman, 79, is “a stalwart of the royal family” who…