oil: Both of those challenging efforts require much higher oil prices, according to CNN. Saudi Arabia's surprise decision over the weekend to install a new oil minister, its third in just over three years, reflects a sense of urgency about boosting prices ahead of the planned Aramco IPO. The listing would be the largest in history and is at the heart of the sweeping Vision 2030 plan to diversify Saudi Arabia's economy. The OPEC kingpin wants to balance its massive budget and simultaneously pull off a 2 trillion valuation for Saudi Aramco, the country's crown jewel. The entire country is intertwined with oil prices. They have gone above and beyond to lift prices, said Ryan Fitzmaurice, energy strategist at Rabobank. Michael Tran, director of global energy strategy at RBC Capital Markets The Saudis are inevitably frustrated.
(news.financializer.com). As
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