RPT-Saudi looking beyond oil price slump as rig count spikes
March 21, 2015 at 04:00 AM EDT
DUBAI/KHOBAR, Saudi Arabia, March 20 (Reuters) - As the global energy industry stares transfixed at a spectacular drop in U.S. rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude.