Saudi’s Aramco IPO dream could create shale oil nightmare

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29 Jan

Saudi’s Aramco IPO dream could create shale oil nightmare">Saudi’s Aramco IPO dream could create shale oil nightmare

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Saudi's dream of securing a $100bn windfall from the IPO of Aramco may be clouding its judgement. It needs higher oil prices to entice international investors to buy a stake in the state-owned company, which supplies almost all its crude.

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