Saudi Aramco Delays IPO

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Saudi Aramco delays its IPO, with timing of possible offering pushed back to December or January, say people familiar with the matter

Aramco officials say they are working 24/7 to repair their damaged oil facilities.

Saudi Arabia invited WSJ’s Rory Jones to see the Khurais oil field and Abqaiq processing plant to show Aramco’s efforts to get back to full production and rally international support against Iran ahead of a meeting next week at the United Nations. Image: AP

 

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crashmutdawl Insects speak

ghalii2222 🕸🛒

staunovo My predictions always hold. SaudiAramco delays IPO. (And despite bullish propaganda by Javier Blas, who blocked me for noting that BloombergNRG are doing exactly that)

No sh$t . They need the price of crude to be much higher to garner the share price desired.

Need to wait because Trump has been so busy he hasn't had time to get in on the ground floor. A guaranteed no loss contract has yet to be signed by him.

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