Aramco listing reshapes Saudi Arabia’s OPEC oil policy… Reuters

September 29, 2017 by Jim Colburn Leave a Comment

Rania El Gamal and Alex Lawler, Reuters discuss the Saudi’s oil policy here…

“Late last year, Saudi Arabia tried to get fellow oil producers around the world to agree to reduce production. Before an OPEC meeting in Vienna in November, Saudi officials were armed with an unprecedented bargaining chip: if there was no deal, the kingdom would quit the exporter group altogether.”

“The IPO also raises questions over Saudi Arabia’s future role in OPEC, as the kingdom would become the only member with a national oil firm listed abroad. That in turn raises questions over the future of OPEC itself given the kingdom has been the group’s driving force since its inception almost 60 years ago.”

Do read the whole thing (http://www.reuters.com/article/us-saudi-aramco-insight/aramco-listing-reshapes-saudi-arabias-opec-oil-policy-idUSKCN1C31H0)

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