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US strike on Iran would be disastrous for the region - and likely for the US

1 month ago   |   By Business Insider

The US is claiming that the Islamic Republic is responsible for attacks on Saudi state-owned oil giant Saudia Aramco ahead of its IPO. Houthi rebels supported by Iran in Yemen's civil war claimed responsibility for the attack.
The Saturday attack on the Aramco facility showed widespread damage by as many as 17 strikes, which affected the production of roughly 5% of the world's oil supply.
In June, the US accused that Iran for a series of tanker bombings, which could be a justification for retaliation strikes. That month, Iran also shot down a US RQ-4A Global Hawk drone, a move that nearly...
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Saudi officials considering delaying IPO after drone attack: WSJ

Saudi officials considering delaying IPO after drone attack: WSJ

1 month ago   |   By Reuters

Saudi Arabia officials are discussing delaying Aramco's initial public offering as attacks on the company's oil facilities have drastically reduced their output, the Wall Street Journal reported on Monday, citing people familiar with the matter.
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Saudi Aramco attacks: What we know so far

1 month ago   |   By Reuters

Attacks on two sites at the heart of Saudi Arabia's oil industry shut down more than 5% of global supply, sent oil prices as much as 20% higher and prompted the United States to blame Iran despite Tehran's denials.
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The attack on Saudi oil supplies threatens what could be the world's biggest IPO. Here's what we know about Saudi Aramco

The attack on Saudi oil supplies threatens what could be the world's biggest IPO. Here's what we know about Saudi Aramco

1 month ago   |   By Business Insider

Saudi Aramco, the state-backed Arabian energy company is scheduled to publicly list later this year, and is estimated to raise as much as $100 billion from its IPO.
But the strikes on Arabian oil fields could out the mammoth listing in jeopardy.
"The attacks came at a sensitive time for Aramco. The company could see its IPO valuation pulled lower as it prepares to go public," says one analyst.
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Saudi Aramco, the state-backed oil company and the world's largest oil supplier, was scheduled to go public later this year or...
Read more ...

 

The attack on Saudi oil supplies threatens what could be the world's biggest IPO. Here's what we know about Saudi Aramco

The attack on Saudi oil supplies threatens what could be the world's biggest IPO. Here's what we know about Saudi Aramco

1 month ago   |   By Business Insider

Saudi Aramco, the state-backed Arabian energy company is scheduled to publicly list later this year, and is estimated to raise as much as $100 billion from its IPO.
But the strikes on Arabian oil fields could out the mammoth listing in jeopardy.
"The attacks came at a sensitive time for Aramco. The company could see its IPO valuation pulled lower as it prepares to go public," says one analyst.
Watch oil trade live.
Visit Markets Insider's homepage for more stories.
Saudi Aramco, the state-backed oil company and the world's largest oil supplier, was scheduled to go public later this year or...
Read more ...

 


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