ING: Saudi Aramco's IPO erodes OPEC Amsterdam, Netherlands (UPI) Jun 30, 2016 - The initial public offering of Saudi Aramco is likely to push the global market for crude oil toward the supply side and erode OPEC's influence, analysis finds. An economic agenda, dubbed Vision 2030, aims to boost Saudi Arabia's non-oil revenue and relies in part on raising money through the public listing of shares in the Saudi Arabian Oil Co., known also as Saudi Aramco. Billed as th ... more

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