Saudi Aramco Needs To Balance Investor Needs Against Oil Prices ...Middle East

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Saudi Aramco Needs To Balance Investor Needs Against Oil Prices
source : OILPRICE ( Middle East ) () 54
Saudi Arabia’s oil giant Aramco looks caught between a rock and a hard place. It seeks to win over new investors, especially foreign ones, while at the same time – as the world’s top crude oil exporter and the biggest OPEC producer – not allowing oil prices to crash. Aramco has just priced its secondary share offering at the lower end of the previously set range, in a sign that it is now focused on winning over international investors.   But as the most influential member of OPEC, Saudi Arabia – which controls…

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