Aramco chief confirms IPO as doubts linger

As questions swirl around the viability of Saudi Aramco’s initial public offering, the oil giant’s CEO has stepped in to confirm the IPO is on track for the second half of 2018. The plan to float five percent of state-owned Aramco — expected to be the world’s largest stock sale — forms the cornerstone of a… Please follow and like us:

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The Price Of Oil Falls

This article originally appeared on the Motley Fool. After initially aiming to boost crude oil prices to $55 a barrel, key OPEC members like Saudi Arabia, Kuwait, and Iraq have now set their sights on $60 a barrel of oil. This target — along with rumors that OPEC would extend the production cuts announced last November… Please follow and like us:

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Saudi Arabia wants oil prices to rise to $60 in 2017

Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab Emirates, Kuwait and Qatar – believe would encourage investment in new fields but not lead to… Please follow and like us:

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