Crude Oil and Saudi Arabia
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Crude Oil and Saudi Arabia


Crude Oil and Saudi Arabia 7.26.2017

July 25th, 2017 Filed under Future Trading News | Comment (0)

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Oil: Economic Landscape of Saudi Arabia

Highlights:

  • Saudi Arabia’s currency reserves drained by decline in oil prices
  • Listing of state oil company Aramco could bolster Saudi finances
  • Proceeds to be used to diversify Saudi economy from oil
  • A 5% stake in Aramco could be worth $1-$2 trillion

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