TagAramco

Saudi Arabia Won't Bow to Trump's 'Crude' Jabs Until After Aramco IPO

khalid al-falih donald trump aramco ipo oil price

Donald Trump has been doing his best to wage war on the rising oil price, but the president is struggling with the fact that strong US growth is a natural boost to crude. However, there is another thorn in his side - Saudi Arabia-led OPEC, who have been keen to limit supply. Given that state-owned Aramco is gradually opening to global investors, it seems unlikely that Mohammed Bin Salman and...

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