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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (26858)	5/26/2017 3:44:59 PM
From: Goose94	Read Replies (1) \| Respond to of 202740

Saudi Aramco IPO: OPEC’s cut aimed at Saudi Aramco IPO. One of the principle motivations for Saudi Arabia to keep the production cuts going is to boost the valuation of Saudi Aramco when it stages an IPO next year. The Saudi government needs higher oil prices in 2018 in order to maximize the sale of Aramco. Saudi officials allege that the company is worth some $2 trillion, although others dispute that figure. Nevertheless, the timing of the Aramco IPO ensures that Saudi Arabia will do “whatever it takes” to keep oil prices afloat.