for Saudi Aramco IPO
Experts disagree on the potential oil market impact from Saudi Aramco's IPO. Some argue that the Kingdom will choose a pump-at-will policy to please shareholders, while others see continued coordination with OPEC.
Speaking at a major conference in Houston, the Saudi Energy Minister said there is cause for “cautious optimism” for the industry but warned against “irrational exuberance.”
Plans to open up the Kingdom to outside investors will continue to cause fissures within the country, and may also bring about tensions within the OPEC cartel.
Bloomberg has just released an expansive interview following a five hour conversation with Saudi Arabia’s Deputy Crown Prince, Mohammed bin Salman, regarding the country’s strategy over the coming years. Here are the key takeaways.