Oil Producing Nations

According to the International Monetary Fund, Middle East oil-dependent economies saw a revenue downfall of $390 billion in 2015 due to low oil prices. In addition, the same Middle East countries could realize up to $150 billion in income losses in 2016, as oil prices remain low despite a rally in...

Ecuador is the smallest member of the Organization of the Petroleum Exporting Countries and appears to be suffering financially due to the low price of oil. According to Reuters, Ecuador's President Rafael Correa said on Wednesday that his government is "tired" of "pushing...