Trump pitches for $2 trillion Saudi Aramco oil float
- 7 hours ago
President Donald Trump has made a pitch to Saudi Arabia to float the world's biggest oil company in the US.
The proposed share flotation will see 5% of the state-owned company sold in an Initial Public Offering next year.
It is expected to list domestically and on at least one foreign exchange with New York and London vying for the deal.
The Aramco IPO is expected to be the largest in history, raising around $100bn in revenue for the Saudi kingdom.
Trump pitches for major Saudi oil float
Believe CAC propganda to justify drone bombing thousands of Africans brehsSurprised the missile made it all the way to Riyadh tbh.
Believe CAC propganda to justify drone bombing thousands of Africans brehs
China will 'compel' Saudi Arabia to trade oil in yuan — and that's going to affect the US dollar
Published 1:57 AM ET Wed, 11 Oct 2017
- "I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them," Carl Weinberg, chief economist and managing director at High Frequency Economics, told CNBC
- In recent years, several nations opposed to the dollar being the world's reserve currency have progressively sought to try and abandon it
- OPEC kingpin Saudi Arabia is at the crux of the petrodollar
China will 'compel' Saudi Arabia to trade oil in yuan — and that's going to affect the US dollar
China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world's reserve currency, a leading economist told CNBC on Monday.
Carl Weinberg, chief economist and managing director at High Frequency Economics, said Beijing stands to become the most dominant global player in oil demand since China usurped the U.S. as the "biggest oil importer on the planet."
Thats what it felt like. SA has forces in Yemen. I'm like, "who fired the missiles?" They probably practiced this in Yemen.
Its more of a . MBS is using a false flag attack as cover to consolidate his power. Look for a possible increase in price for all petrochemical products.
Saudi Arabia is such a try-hard country it seems.Thats what it felt like. SA has forces in Yemen. I'm like, "who fired the missiles?" They probably practiced this in Yemen.
Is the dude in power the same guy who wants to turn KSA into some hyper-modern liberalized finance and service hub