BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Saudi Aramco'. (Return)

Yahoo BusinessDec 06, 2019
Saudi Prince's First OPEC Outing Brings Last-Minute Oil Surprise
(Bloomberg) -- Prince Abdulaziz bin Salman has attended OPEC meetings for three decades, but this was the first time he's been the star turn.For two days, Saudi Arabia's new oil minister appeared to have stage fright. As he shuttled between Vienna's ultra-luxury Park Hyatt hotel and the headquarters of the Organization of Petroleum Exporting Countries, he said almost nothing to the massed reporters ready to transcribe his every word.He set the tone for the entire meeting. Normally chatty officials said they couldn't talk. Ministers used backdoor entrances to their hotels. The traditional manic media scrum that opens the meeting was canceled.Then after two days of often fractious talks on the cartel's oil policy, he sprung two surprises at the closing press conference: Saudi Arabia will voluntarily cut supply deeper than the new deal requires, and the kingdom in gunning for a $2 trillion valuation for its newly public oil producer, Aramco.The two are linked. By trying to juice the oil market, he wants to do a favor for his half-brother, Crown Prince Mohammed bin Salman, who's staked his reputation on the $2 trillion figure. Saudi Aramco will start trading on Riyadh's Tadawul exchange on Wednesday with a value of about $1.7 trillion.Even before he was promoted by the crown prince in September, Abdulaziz was a fixture of the Saudi OPEC team for more than thirty years. He gained a reputation as a diplomat, able to bridge the political enmities between members that often have little in common other than an addiction to petrodollars.Although he's the ultimate Vienna insider, his first meeting in charge contrasted with his immediate predecessor, Khalid Al-Falih, a brainy but brus
TRENDING TAGS
Jobsreport November trade Market stocks
UPDATEpay billion resolve corruption trial
billionPG&E pay settlement victims California
Muskdefamation Elon guy trial pedo
Paybillion resolve corruption Agrees Ericsson
YorkKnicks Times Post Fizdale Coach
NovemberJobs report Added market Snapshot
tradejobs Street Week report deal
Trumpfinancial will hold records Mexican
defamationMusk Elon trial guy tweet

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2019 CEOExpress Company LLC