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A Guide to Oil Producers' Scramble for Money as Crude Tumbles

  • Nigeria is latest country to seek help as oil revenue plummets
  • From Saudi Arabia to Venezuela, governments reducing spending
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Oil Firms' Choice: Dividends or Credit Ratings

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Nigeria’s bid for concessionary loans from the World Bank and African Development Bank is just the latest example of the havoc wreaked on oil-producing nations by the slump in crude prices.

From Saudi Arabia to Venezuela, governments are abandoning largess and risking political unrest with measures that include lowering energy subsidies and cuts to public-sector wages. With prices still falling, attempts to diversify from oil have taken on greater urgency.