The Wall Street Journal

Posted: 1 December 2019

Saudis Push for Longer-Lasting OPEC Cuts as Aramco IPO Approaches

 

Middle East unrest casts shadow over this week’s oil producers’ summit

What does the road to an IPO look like for the world’s most profitable company? After repeated delays, Saudi Aramco has revived plans for what would be the biggest-ever IPO. But hurdles remain for the state-owned energy company…

On the one hand they’re looking to support the Saudis, but on the other, they’re trying to find ways of getting around [deeper cuts],” said Charles Hollis, a former U.K.-Saudi diplomat and managing director of geopolitical risk consulting firm Falanx Assynt.