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

2019-4-9 17:45

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 Khalid Al-Falih will want to let oil production off the leash anytime soon. Saudi Arabia’s Aramco Triumphs in Blockbuster Bond Offering The US might be the world’s biggest individual producer, but

The post Saudi Arabia Won’t Bow to Trump’s ‘Crude’ Jabs Until After Aramco IPO appeared first on CCN

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